State Merit Aid Programs and College Major: A Focus on STEM

David L. Sjoquist · John V. Winters

73 citations0/0 files storedJournal of Labor Economics

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Higher Education Research Studies School Choice and Performance Intergenerational and Educational Inequality Studies

Abstract

Since 1991 more than two dozen states have adopted merit-based student financial aid programs, intended at least in part to increase the stock of human capital by improving the knowledge and skills of the state’s workforce. At the same time, there has been growing concern that the United States is producing too few college graduates in science, technology, engineering, and mathematics (STEM) fields. Using microdata from the American Community Survey, this paper examines whether recently adopted state merit aid programs have affected college major decisions, with a focus on STEM fields. We find consistent evidence that state merit programs did in fact reduce the likelihood that a young person in the state will earn a STEM degree.

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References

2008Bootstrap-Based Improvements for Inference with Clustered Errors 2007Inference with Difference-in-Differences and Other Panel Data 2003Ability sorting and the returns to college major 2010Persistence of women and minorities in STEM field majors: Is it the school that matters?2014Determinants of College Major Choice: Identification using an Information Experiment 2009Student Characteristics, Pre-College, College, and Environmental Factors as Predictors of Majoring in and Earning a STEM Degree: An Analysis of Students Attending a Hispanic Serving Institution 2010Constrained after college: Student loans and early-career occupational choices 2002How do young people choose college majors?

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2022Will Studying Economics Make You Rich? A Regression Discontinuity Analysis of the Returns to College Major 2021Marginal Effects of Merit Aid for Low-Income Students

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