Fondazione GRINS
Growing Resilient,
Inclusive and Sustainable
Galleria Ugo Bassi 1, 40121, Bologna, IT
C.F/P.IVA 91451720378
Finanziato dal Piano Nazionale di Ripresa e Resilienza (PNRR), Missione 4 (Infrastruttura e ricerca), Componente 2 (Dalla Ricerca all’Impresa), Investimento 1.3 (Partnership Estese), Tematica 9 (Sostenibilità economica e finanziaria di sistemi e territori).
Open Access
We investigate the factors influencing the intended college major choices of high school students in Italy, ranking the relative importance of expected earnings, perceived ability, and major-specific tastes, that we measure directly using a Coller and Williams game. We find that major-specific tastes and self-assessed ability are significantly more influential in shaping academic intentions than mean expected earnings at age 30. We estimate that a one standard deviation change in the taste for (resp. perceived ability in) a given major increases the odds of choosing that major (relative to Humanities, our benchmark scenario) by 136.4% (resp. 114.1%), far outweighing the 39.3% increase associated with a one standard deviation change in mean expected earnings.
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AKNOWLEDGEMENTS
We are grateful to Orazio Attanasio and Pamela Giustinelli for useful comments. We also thank seminar audiences at IRVAPP Trento, Naples Federico II, Padova, the Italian Association of Labour Economics Conference in Milan, and the GRINS Spoke 3 workshops in Naples for valuable comments. This study was funded by the European Union - NextGenerationEU, Mission 4, Component 2, in the framework of the GRINS -Growing Resilient, INclusive and Sustainable project (GRINS PE00000018 – CUP C93C22005270001). The views and opinions expressed are solely those of the authors and do not necessarily reflect those of the European Union.
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