“(Un)informed College and Major Choice”: Verification in an alternate setting

Nick Huntington-Klein

Economics of Education Review, 2016, vol. 53, issue C, 159-163

Abstract: In their recent paper “(Un)informed College and Major Choice: Evidence from Linked Survey and Administrative Data,” Hastings, Neilson, Ramirez, & Zimmerman (2016) provide an informal costly-information model, linking family background to students’ beliefs about educational costs and benefits. They verify predictions of their model using a data set of beliefs about college institutions and majors among Chilean college applicants and students. I test some of those same predictions using a data set of beliefs about college institutions and different levels of college education among high school students in the United States. I verify their predictions, with some exceptions, supporting the use of their costly-search model.

Keywords: Costs; Demand for schooling; Rate of return; Information (search for similar items in EconPapers)
JEL-codes: D83 I23 I26 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecoedu:v:53:y:2016:i:c:p:159-163

DOI: 10.1016/j.econedurev.2016.03.008

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