The Impact of Dual Majors on Income based on the American Community Survey
AUTHORS
Mohammed Jawad Uddin,University of North Texas, Denton, USA
Rehma Tout,University of North Texas, Denton, USA
ABSTRACT
Although the cost of higher education in the United States has risen in the past time, it is still a high-return investment. This article uses the latest American Community Survey (ACS) data on college majors to analyze the dual majors for undergraduate graduates The impact of income. The research results show that dual majors have advantages when compared with a single low-income major, but there is no advantage when compared with a single high-income major. Therefore, choose a second major that is more profitable than the first major It is in line with economic considerations. Having a dual major with a lower market value will damage future economic prospects. The income of a college graduate with a dual major will be between these two separate majors. Therefore, in an economic sense. It may be preferable to study by switching to a high-income major than to study an additional major. Of course, students choosing a dual major is not only to increase wages and income but also for personal interest in interdisciplinary learning.
KEYWORDS
Dual majors, Salary income, Income premium
REFERENCES
[1] P. Oreopoulos and U. Petronijevic, “Making college worth it: A review of the returns to higher education,” The Future of Children, vol.23, no.1, pp.41-65, (2013)
[2] S. Dale and A. B. Krueger, “Estimating the return to college selectivity over the career using administrative earnings data (No. w17159),” National Bureau of Economic Research, (2011)
[3] M. C. Long, “College quality and early adult outcomes,” Economics of Education Review, vol.27, no.5, pp.588-602, (2008)
[4] P. Arcidiacono, “Ability sorting and the returns to college major,” Journal of Econometrics, vol.121, no.1, pp.343-375, (2004)
[5] R. W. Rumberger and S. L. Thomas, “The economic returns to college major, quality and performance: A multilevel analysis of recent graduates,” Economics of Education Review, vol.12, no.1, pp.1-19
[6] J. Grogger and E. Eide, “Changes in college skills and the rise in the college wage premium,” Journal of Human Resources, pp.280-310
[7] J. G. Altonji, E. Blom, and C. Meghir, “Heterogeneity in human capital investments: High school curriculum, college major, and careers (No. w17985),” National Bureau of Economic Research, (2012)
[8] A. F. Del Rossi and J. Hersch, “The private and social benefits of double majors,” Journal of Benefit-Cost Analysis, vol.7, no.2, pp.292-325, (2016)
[9] S. W. Hemelt, “The college double major and subsequent earnings,” Education Economics, vol.18, no.2, pp.167-189, (2010).
[10] B. Zafar, “Double majors: One for me, one for the parents?” Economic Inquiry, vol.50, no.2, pp.287-308, (2012)
[11] A. F. Del Rossi, and J. Hersch, “Double your major, double your return?” Economics of Education Review, vol.27, no.4, pp.375-386 (2008)
[12] Z. Zeng and Y. Xie, “Asian-American’s earnings disadvantage reexamined: The role of place of education,” American Journal of Sociology, vol.109, no.5, pp.1075-1108 (2004)