A conditional logit model of collegiate major selection

The choice of a major by a college student is viewed as depending upon the quantity of various outputs (such as income and status) each major provides and the taste structure of the student for these outputs. Tradeoffs in outputs occur so that high status may overcome low-income potential in the occupation into which the major provides entry. Different taste structures among students mean tradeoffs occur at different rates, so that taste structues are best associated with student major selection in a probability sense. Changes in the probability of selecting a collegiate major are associated with changes in student taste structures via a conditional logit model. The taste structure of a student is hypothesized to depend upon the environment in which the student was raised and the environment in which the student now lives. The relationship between environment and taste is also best stated in a probability sense and a second logit model is used to describe this relationship. Estimation of the two logit models, using survey data, attempts to quantify the hypothesized route from environment to taste structure to major selection for entry into an occupation. An example of this route is the finding that women students place more importance on obtaining high income than do men students and the greater the importance of high income, the lower the probability of selecting an education major, the greater the probability of selecting a humanities or social science major. Other results of estimation are presented and discussed.