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- W2144043088 abstract "Decision makers often face a tradeoff between the beneÞts of early specialization and the gains from delaying choice in order to gather additional information about the alternatives. I examine this tradeoff in the context of higher education by comparing educational systems with differing exogenous constraints on the timing of choices. SpeciÞcally, some systems require students to specialize early by choosing a major Þeld of study prior to entering university, while others allow students to postpone this choice. I develop a model of specialization in which individuals, by taking courses in different Þelds of study, accumulate Þeld-speciÞc skills and receive noisy signals of match quality in these Þelds. With later specialization, students have more time to learn about match quality in each Þeld but less time to acquire speciÞc skills once a Þeld is chosen. I derive comparative static predictions between regimes with early and late specialization, and test these predictions across British systems of higher education using university administrative data from 1973-1993 and survey data on 1980 university graduates. I Þnd that individuals in Scotland, where specialization occurs relatively late, are less likely to switch to an occupation that is unrelated to their Þeld of study compared to their English counterparts who specialize earlier. According to the model, this suggests that the return to being well matched to an occupational Þeld is high relative to the return to speciÞc skills. I also Þnd strong evidence in support of the prediction that individuals who switch to unrelated occupations earn lower wages, and some evidence that switching is less costly for those who specialize later." @default.
- W2144043088 created "2016-06-24" @default.
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- W2144043088 date "2003-01-01" @default.
- W2144043088 modified "2023-09-23" @default.
- W2144043088 title "Breadth vs. Depth : The Effect of Academic Specialization on Labor Market Outcomes" @default.
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