In higher education, across countries, a large share of students choose to study economics. Although there is only a small difference in the share of female and male students in that field, there is robust empirical evidence of a gender gap in economic competencies, showing that male students in most cases outperform female students. There is a broad discussion about the differences in gender-specific socializations that cause this gender gap. However, no research exists on the long-term effects of this gender gap. This study uses longitudinal and representative data of N = 1397 Swiss students (824 female students) to analyse the gender-specific effects of economic competencies at the end of the upper secondary level on their aspiration and decision to study economics. The results show that economic knowledge and interest in economics have a substantially stronger effect on the choice of economics for female students. The aspiration to study strongly mediates these effects. We argue that these results can mainly be traced back to different interests and self-perceptions of skills and abilities in economics caused by gender-specific socialization. Possible implications of gender socialization and discrimination in economics for secondary and higher education and for the labour market are discussed.

Despite the importance of acquiring economic competencies at the secondary level and the worldwide popularity of economics in higher education, there is almost no research on the effects of economic competencies on economics student retention. Based on a longitudinal sample of 538 high school students in Switzerland, this study provides the first results on this topic. The longitudinal study took place from 2011 to 2016 and comprised two points of measurement. Economic competencies were measured multidimensionally and comprised knowledge and skills, as well as attitude, value-oriented dispositions, interest and motivation. Different student retention models were adapted and combined to explain student retention in the field of economics. According to these models, students' academic and social integration are key mediators to predict their retention. Based on these theoretical explanations, structural equation modelling was then used to test the long-term effects of high school students' economic competencies at the end of upper-secondary school on their retention in studying in the field of economics. The results show that economic competencies predict economics students' academic integration (as measured by grade point average) but not their social integration. Additionally, the data confirm that academic and social integration are strong mediators for their retention. In addition to economic competencies, students' cognitive abilities, prior schooling (school grades, school profile, and school type) and perceived family support predict student retention in economics. Overall, economic competencies account for a substantial proportion of the variance in student retention. Against this background, the results indicate that fostering high school students' economic competencies plays a crucial role in their study success in the field of economics.

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Because of the high social relevance of an economics education, many countries now focus on the enhancement of economic competencies in schools. International results show strong deficits in basic economic knowledge, especially for students in upper secondary education, who usually enter higher education. Furthermore, it is not clear what effects these competencies have on subsequent transitions, which is primarily due to a lack of longitudinal studies. Against this background, this article systematically embeds findings from a Swiss longitudinal study in the international context. Thereby, Switzerland is systematically compared with other countries that also provide substantial research on economic education (e.g., the U.S. and Japan). Lessons learned from the Swiss case will be discussed from an international perspective, and implications for future international research will be derived.