Wage earning differentials by field of study: Evidence from Vietnamese university graduates |
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| Affiliation: | 1. International School, Vietnam National University, Hanoi, Viet Nam;2. Institute of Theoretical and Applied Research, Duy Tan University, Da Nang, Viet Nam;1. International School, Vietnam National University, Hanoi, Viet Nam;2. Institute of Theoretical and Applied Research, Duy Tan University, Da Nang, Viet Nam;1. Center for Experimental Economics in Education, Shaanxi Normal University, Xi’an, China;2. Freeman Spogli Institute for International Studies, Stanford University, Stanford, USA;3. School of Advanced Agricultural Sciences, Peking University, Beijing, China |
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| Abstract: | Using data from the 2018 Labor Force Survey, this paper analyzes wage differentials by field of study among Vietnamese university graduates. In contrast to previous findings, we find that many fields, even more technically and quantitatively oriented disciplines, such as engineering, science/math/computer science and business/finance, afford lower earnings than do the arts/humanities disciplines. The differences are statistically significant and, in many cases, large, even after controlling for other individual and regional characteristics. Also, the differences are greater among female than among male graduates. Our results shed light on the value of various types of human capital represented by the various disciplines. Such findings offer useful policy implications for policymakers and educational managers. |
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| Keywords: | Disciplines wage earnings field of study majors returns switching endogenous regression C 81 E 24 I 23 I 26 |
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