Article2015

Preferences and Biases in Educational Choices and Labour Market Expectations: Shrinking the Black Box of Gender

Ernesto Reuben · Matthew Wiswall · Basit Zafar

249 citations0/0 files storedThe Economic Journal

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Experimental Behavioral Economics Studies Labor market dynamics and wage inequality Names, Identity, and Discrimination Research

Abstract

Using an experiment to measure overconfidence and preferences for competitiveness and risk, this article investigates whether these measures explain gender differences in college major choices and expected future earnings. We find that individuals who are overconfident and overly competitive expect to earn significantly more. In addition, gender differences in overconfidence and competitiveness explain 18% of the gender gap in earnings expectations. These experimental measures explain as much of the gender gap in earnings expectations as a rich set of control variables. While expected earnings are related to college major choices, the experimental measures are not related with college major choice.

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References

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Cited by

2019Implicit Stereotypes: Evidence from Teachers’ Gender Bias*2020Gender Differences in Recognition for Group Work 2020Human Capital Investments and Expectations about Career and Family 2015Overconfidence And Preferences For Competition 2018Steel sharpens steel: A review of multilevel competition and competitiveness in organizations 2018The Gender Wage Gap in Europe: Job Preferences, Gender Convergence and Distributional Effects

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