The Financial Crisis and the Choice of College Major

Sofoklis Goulas and Rigissa Megalokonomou

MPRA Paper from University Library of Munich, Germany

Abstract: Economic conditions may affect educational choices. In this paper we investigate the impact of the recent financial crisis in Greece on college applications. In particular, we ask how the financial turmoil has reshaped the demand for particular college majors. The paper uses a difference-in-difference approach for the pre and during crisis era to disentangle preferences over twenty one broad major categories and over college city amenities. We find that job insecurity turns college applicants away from academically demanding college majors, while options with better job prospects become more popular.

Keywords: crisis; college major; unemployment (search for similar items in EconPapers)
JEL-codes: I26 J24 (search for similar items in EconPapers)
Date: 2015-08-07
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Citations: View citations in EconPapers (1)

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