Choice of specialization: do peers matter?

Poldin, Oleg; Валеева, Диляра; Yudkevich, Maria

doi:10.1080/00036846.2015.1034840

Cited by 9 publications

(5 citation statements)

References 59 publications

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“…We thus construct the role model group for each student based on the preceding cohort from the same high school in the same GPA quartile (we also experiment with using the previous three cohorts rather than just the preceding one). The restriction to the same GPA quartile is motivated by the prior literature in this area, which finds that students with similar achievements have greater effects on each other (e.g., Poldin et al, 2015).…”

Section: Empirical Strategymentioning

confidence: 99%

“…It leverages the notion that individuals are more heavily influenced by others in their school and those ahead of them, whom they may know or can directly observe. It also factors in the idea that high-performing students are more likely to be influenced by the choices of other high-performing students (Poldin et al, 2015).…”

Section: Selection Vs Causal Effect Of Business Educationmentioning

confidence: 99%

“…4 Third, in the Danish data we explore whether business manager effects are due to the selection of individuals who are more prone to take a hard line against labor into business degrees, or whether instruction and socialization in business degree programs produce managers who do not share rents with their employees. To answer this question, we exploit the presence of "role model" effects in the choice of college majors-whereby individuals are more likely to follow the choices of their role models (e.g., see Lockwood and Kunda, 1997;Lockwood, 2006 for general discussion, and Arcidiacono and Nicholson, 2005;Rask and Bailey, 2002;Poldin et al, 2015;Wiswall and Zafar, 2015). We collect the high school records of Danish managers and define the role models for each individual as students in the same high school and with similar academic performance, but one year ahead.…”

Section: Introductionmentioning

confidence: 99%

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Eclipse of Rent-Sharing: The Effects of Managers' Business Education on Wages and the Labor Share in the US and Denmark

Acemoğlu¹,

He²,

Maire³

2022

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This paper provides evidence from the US and Denmark that managers with a business degree ("business managers") reduce their employees' wages. Within five years of the appointment of a business manager, wages decline by 6% and the labor share by 5 percentage points in the US, and by 3% and 3 percentage points in Denmark. Firms appointing business managers are not on differential trends and do not enjoy higher output, investment, or employment growth thereafter. Using manager retirements and deaths and an IV strategy based on the diffusion of the practice of appointing business managers within industry, region and size quartile cells, we provide additional evidence that these are causal effects. We establish that the proximate cause of these (relative) wage effects are changes in rent-sharing practices following the appointment of business managers. Exploiting exogenous export demand shocks, we show that non-business managers share profits with their workers, whereas business managers do not. But consistent with our first set of results, these business managers show no greater ability to increase sales or profits in response to exporting opportunities. Finally, we use the influence of role models on college major choice to instrument for the decision to enroll in a business degree in Denmark and show that our estimates correspond to causal effects of practices and values acquired in business education -rather than the differential selection into business education of individuals unlikely to share rents with workers.

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Section: Empirical Strategymentioning

confidence: 99%

Section: Selection Vs Causal Effect Of Business Educationmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Eclipse of Rent-Sharing: The Effects of Managers' Business Education on Wages and the Labor Share in the US and Denmark

Acemoğlu¹,

He²,

Maire³

2022

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“…The strongest effect is from friends who are also in the same study group and from peers with similar academic standing. Reciprocal ties (meaning both people identified each other as friends) have a bigger impact on specialization choice that non-reciprocal ties (meaning where one person identified another as a friend, but the second student did not identify the first as a friend) (Poldin, Valeeva and Yudkevich, 2015).…”

Section: Why Do Students Switch Majors?mentioning

confidence: 99%

Choose Wisely: A Study of College Major Choice and Major Switching Behavior

Wright¹

2018

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It would not have been possible to complete this work without the support of many. First, to my committee members Dr. Charles Goldman, Dr. Trey Miller, and Dermot Forde for their support and advice along the way. You helped me shape my ideas into a workable methodology, kept me on the right track with targeted words of encouragement, and were an absolute pleasure to work with. To my benefactor Doug Smith, who graciously provided funding to me through the Susan Way-Smith Memorial Dissertation Award for several years. I hope that this is work that Susan would have been proud of. To my fellow fellows and researchers at Pardee RAND Graduate School and the RAND Corporation. Thank you in particular to the best office mate a man could have (at least for entertainment's sake), Dr. Jonathan Wong, and Dr. Gery Ryan, who provided methodological help on my qualitative work. To my parents, Van and Tracey, for their support during this process and fostering my lifelong curiosity. Without you, I literally wouldn't be here today. To my son Maximo and my daughter Aila, who put up with their dad working long hours without complaint. I hope that I set a good example for you to someday take your education as far as you want to. May you both choose wisely in a few years' time. Lastly, to my wife Jessica, whose level of support for this endeavor is difficult for me to put into words. One couldn't hope for a better partner in life and I couldn't have ever done this without you.

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“…URL: https://news.mail.ru/society/33561411/?frommail=1 http: //dx.doi.org/10.15405/epsbs.2018.12.02.74 Corresponding Author: Sergey Aleksandrovich Filin Selection and peer-review under responsibility of the Organizing Committee of the conference eISSN: 2357-1330 684 the "Knowledge" category in the labor market due to their individual, unencumbered knowledge, abilities and experience, and also because the choice of such specialists in the labor market is limited by the emergence of surplus labor, on the one hand, does not possess the necessary fundamental scientific knowledge and innovative worldview, consciousness and thinking (Filin & Yakushev, 2018), and on the other hand, leads to an increase in frictional unemployment for those who possess these qualities. Solving this problem requires radical socio-economic and organizational and managerial innovations, in particular, the need for scientifically based specialization (Poldin, Valeeva, & Yudkevich, 2015), the choice of specialties for the "digital" and innovative economies and the training of employees in the category "Knowledge" both at the state level and at the enterprise level.…”

mentioning

confidence: 99%