The Economic Reward for Studying Economics

Undergraduate advisors in economics departments suggest that the study of economics is good preparation for a variety of careers, including economics, consulting, analysis, and administration, and they argue that economics is a solid prelaw or pre-MBA major. In this article we provide some empirical evidence about each of these contentions. We find that among college graduates who do not earn advanced degrees, economics majors generally earn more than similar individuals with other majors. We show also that among individuals who pursue graduate degree programs in business and law, economics majors earn more than undergraduate majors in most other academic disciplines.     

Fertility expectations and ethnic identity among Mexican-American adolescents: an expression of cultural ideals

1980 survey data from 2 secondary schools in Arizona are studied to explain the differences in expected fertility of Mexican American and Anglo adolescents. Mexican Americans have maintained higher fertility rates than the national average, and this study helps clarify how cultural heritage and socioeconomic status relate to family formation patterns. The model, which is based on expected fertility rates of adolescents which parallel those of adults, predicts higher fertility rates for minority group members at every level of socioeconomic status. Male adolescent Anglos expect an average of 2.27 children, whereas female adolescent Anglos expect only 2.11. In both instances for Mexican Americans, the expected number is higher: 2.78 for males, 2.68 for females. Mexican American adolescents who speak Spanish at home are more likely to expect 3, 4, 5, or more children, whereas those who speak English at home are more likely to remain childless or to expect less than 2 children. Similarly, the adolescent with a Mexican born father is more likely to expect more children than the adolescent with a native born father. Tucson residents are less likely to expect 2 or more children, while Nogales (80% Mexican origin) residents are more likely to expect 3, 4, or 5 children. The acculturation factors that help to explain the high birth rate expectations of Mexican Americans are: 1) language, 2) generation, and 3) neighborhood. At every level of expected educational attainment and occupational level, Mexican Americans expect more children than Anglos. Socioeconomic status of the family of origin is the crucial variable linking fertility to socioeconomic status. The actual fertility of minority groups should not be mistaken for the expected fertility of minority groups; both are subject to different influences. However, differences in fertility expectations of Mexican American adolescents and their Anglo counterparts parallel the differences in the actual fertility rates of these groups.     

Economic returns to community and four-year college education

Differences in earning ability among college entrants 10 years after high school graduation are analyzed by type of first college entered, sex, and race. The average age of the sample is 27. Type of first college entered is a significant variable in understanding differences in earning ability for college entrants with ability, socioeconomic background, and college goal constant. The rate of return for each additional year of education for four-year college entrants is 7.9%; for community college entrants, 5.4%. The author argues that community college education and four-year college education cannot properly be treated as homogeneous and that researchers analyzing economic returns to education need to take into account both kind of first college entered as well as the number of years of education acquired.     

Civic Returns to Higher Education: A Note on Heterogeneous Effects

American educational leaders and philosophers have long valued schooling for its role in preparing the nation's youth to be civically engaged citizens. Numerous studies have found a positive relationship between education and subsequent civic participation. However, little is known about possible variation in effects by selection into higher education, a critical omission considering education's expressed role as a key mechanism for integrating disadvantaged individuals into civic life. I disaggregate effects and examine whether civic returns to higher education are largest for disadvantaged low likelihood or advantaged high likelihood college goers. I find evidence for significant effect heterogeneity: civic returns to college are greatest among individuals who have a low likelihood for college completion. Returns decrease as the propensity for college increases.     

Abuse during and before pregnancy: prevalence and cultural correlates

This study examined the prevalence of abuse during pregnancy and the influence of cultural norms and acculturation on abuse in 1,004 Mexican American, Puerto Rican, Cuban American, Central American, African American and Anglo American women. Women were recruited from consecutive delivery logs in general community hospitals in Florida and Massachusetts. The Index of Spouse Abuse and the Abuse Assessment Screen ascertained history of adult physical, sexual, and emotional abuse, abuse during pregnancy, and childhood sexual abuse. An Interview Protocol assessed cultural attitudes, acculturation, and demographic information. Hispanic American women, as a whole, did not differ significantly from Anglo American women in their prevalence of abuse during pregnancy, after controlling for sociodemographic variables. However, Cuban American and Central American partners were significantly less likely to abuse their pregnant partners than were other groups even after adjustment. Women who spoke only Spanish (less acculturated) were less likely to report physical abuse from their partners both before and during pregnancy. Cultural norms, such as a partner's belief in wife/mother role supremacy and cultural group acceptability of men hitting women, were significantly positively related to both physical and emotional abuse. Other risk factors for abuse were the abuser not being the biological father of the baby, low income and little education, and being unmarried.     

Marital Status and Depressive Symptoms

Marital status differences in depressive symptoms are examined in a random sample of 559 Anglos, 403 Blacks, and 822 Mexican American adults. Findings were generally consistent with a "crisis" model, with highest levels of depression observed among the separated, with lower distress levels among the divorced, although, marital differences remained significant after controls only among Anglo males. Differences were negligible among Blacks and Mexican Americans and lower levels of distress were found among never married than married Black females. Further analyses indicated that observed racial/ethnic differences can be partially explained by differences between groups in length of time since separation/divorce and likelihood of previous marriage, though significantly higher levels of depression and marital strain among married Black females relative to Anglo and Mexican American females-even among those in their first marriage-suggests differences between groups in the relative rewards or costs of marriage. These preliminary analyses underscore the need to examine alternative explanations of racial/ethnic and marital status differences in distress in a larger, prospective data base.     

Acculturation and Enculturation Trajectories Among Mexican‐American Adolescent Offenders

This study examines changes over time in ethnic affirmation/belonging and ethnic identity achievement, Spanish language use, English language use, Mexican/Mexican‐American affiliation/identification and Anglo affiliation/identification in a sample of Mexican‐American adolescents participating in a longitudinal study of juvenile offenders. The Multigroup Ethnic Identity Measure and the Acculturation Rating Scale for Mexican Americans‐II were completed by the Mexican‐American adolescents 7 times over a 3‐year period. The findings from longitudinal growth modeling analyses and growth mixture modeling analyses indicate that there is heterogeneity in the initial scores and changes over time on these variables that are related to markers for the cultural qualities of the home environment (i.e., generational status and mother's most frequent language use). In contrast to expectations, marginalized or assimilated acculturation trajectories/types were not overrepresented in this sample of adolescent offenders. Implications for our understanding of the nature of acculturation and enculturation processes and the way these processes are studied are discussed.     

Missions and medicine at Amherst: family ties to Edward Hitchcock jr, the missionary movement, and the American University of Beirut

The Haystack Movement began at Williams College in 1805, occasioning the spread of American missions throughout the world. A half century later, two graduates of nearby Amherst College, Edward Hitchcock Jr and Daniel Bliss, laid the foundations for college health services in this country and for mission work and education in the Middle East. The influences of these two 19th century Amherst alumni are still felt today in our college health services and at the American University of Beirut.     

Mexican and Mexican American male sexual behavior & spread of AIDS in California∗

Data generated by the authors' field research on the bisexual and homosexual behaviors of men of Mexican origin living in southern California are presented and compared with the same behaviors of Anglo men in California and Mexican men in Mexico. Preferences for playing either the anal receptive or insertive sexual role and a focus on anal intercourse by unacculturated and less acculturated men of Mexican origin who have sex with men are the sexual behaviors judged to be most significantly different from Anglo men who have sex with men in California. Sexual socialization and acculturation were found to be the most important determinants of whether an individual's adult patterns of homosexual behavior will be more or less influenced by Mexican or Anglo homosexuality in spite of the length of time they may have lived in California. Evidence is presented about the effects that acculturation, preference for a sexual role in anal intercourse, and endogamy have on the spread of the AIDS virus in the Mexican origin population in California.     

Missions and Medicine at Amherst: Family Ties to Edward Hitchcock Jr,the Missionary Movement,and the American University of Beirut

Abstract

The Haystack Movement began at Williams College in 1805, occasioning the spread of American missions throughout the world. A half century later, two graduates of nearby Amherst College, Edward Hitchcock Jr and Daniel Bliss, laid the foundations for college health services in this country and for mission work and education in the Middle East. The influences of these two 19th century Amherst alumni are still felt today in our college health services and at the American University of Beirut.     

ECONOMICS COURSEWORK AND LONG‐TERM BEHAVIOR AND EXPERIENCES OF COLLEGE GRADUATES IN LABOR MARKETS AND PERSONAL FINANCE

Using survey data from over 2,000 students who attended one of four large public universities in 1976, 1986, or 1996, we investigate the relationship between taking more coursework in economics, or choosing economics as an undergraduate major, and a wide range of later decisions and outcomes in labor markets and personal finance, many of which have not been analyzed in earlier research. Generally, economics coursework and majoring in economics are significantly related to higher levels of earnings, home equity, and savings. They are also associated with working more hours and negatively related to completing graduate degrees (except the MBA). Among graduates with positive savings, those with more economics coursework invest more in individual stocks and money market accounts, and are more likely to have employer‐provided life insurance. They have fewer credit cards, which are more often paid in full each month. Most of these findings also hold for graduates who majored in business, but on average economics majors worked more hours and earned more than business majors, were more likely to have been self‐employed, and expected to retire at an older age. Business majors were more likely to have experienced a layoff, and were even less likely than economics majors to complete graduate degrees (except the MBA). Economics majors expected to save even more than business majors by retirement, and viewed short‐term and precautionary motives for saving as more important. Finally, our results suggest that exposure to economics through course‐taking is more important for later outcomes than actual performance in those courses. (JEL A22, J3, D12)     

Class,Family, Education,and the Process of Status Attainment: A Comparison of American and British Women College Graduates*

Turner's conceptualization of the relationship between education and social mobility in Great Britain and the United States as forming “sponsored” and “contest” systems is used as a theoretical framework for comparing the process of occupational status attainment of British and American women college graduates. British women graduates are more occupationally mobile than Americans; they gain more from attending prestigious institutions, studying science and mathematics and securing a higher class degree as compared with American women with similar qualifications. American graduate women benefit more from attaining a Ph.D. Marriage and motherhood have less significant, but different, cross-national effects.     

Emigration and Schooling among Second‐Generation Mexican‐American Children1

In this Research Note, we investigate the prevalence and patterns of second‐generation Mexican‐American children's migration to and return from Mexico during childhood and consider the consequences of this migration for their schooling. Around one in ten second‐generation Mexican‐American children live in Mexico for some of their childhood. Strong patterns of return to the U.S. through childhood argue for their being considered as part of the Mexican‐American second generation even when in Mexico. Their rates of school enrollment in Mexico are much lower than for second‐generation Mexican‐American children remaining in the U.S. and cannot be explained by their weakly negative selection into emigration. We conclude that country of residence is a far more important determinant of schooling outcome than is migrant status in that country.     

Changes in the Friend Network During the First Year of Single Parenthood for Mexican American and Anglo Women

This study explores ethnic differences in the restructuring of the friendship network during the first year after a woman becomes a single parent. Research on a sample of 232 Mexican American and white ("Anglo") women in San Jose, California, indicates that they had different "networking styles" at the beginning of this transition period, but over time the similarities became more pronounced. The Anglos had fewer relatives available and they were more focused on the friend network as a source of support. Although they experienced disruption of relationships due to geographic relocation, the Anglos reported larger numbers of close friends and greater desire for further expansion of the network. The second and third generation Mexican American (the "Chicanas") remained geographically closer to their networks, but they are experienced greater social complications and personal reactions that affected these relationships. Although there were intitial differences by ethnicity in styles of networking, the friend network became more important over time. The women shared a general tendency for reliance on family to be replaced by increasing involvement with friends. Differences within the close support network were eroded due to the common life circumstances experienced by single mothers. The first generation Mexican American women were somewhat of an exception in that they remained more kin-oriented. despite their geographic removal from relatives throughout the Southwest and in Mexico. Consequently, they were the most socially isolated in the sample. Implications are discussed for social programs serving single parent populations.     

Social Capital and Residential Decision Making Among Rural and Nonrural College Graduates

Due to the low demand for highly educated workers in rural areas, high‐achieving rural students have been portrayed as having to pick between staying close to home and facing limited economic opportunities or leaving to pursue higher education and socioeconomic advancement. But what of those who want both—college degree and return to rural living? Comparing the experiences of rural graduates who returned to rural locales with those who out‐migrated and nonrural graduates across one predominantly rural state, this study explores how social capital matters in the residential decision‐making process. Proximity to work and family were the primary factors determining adult residence. Sense of place—but not attachment to a specific community—also mattered, especially for rural graduates. Family, school, and community social capital were more likely to play a role in career development for rural students, as career aspirations during adolescence followed by career‐driven college choices created pathways for rural return. Findings underscore the importance of analyzing rural return from a regional lens, as respondents reframed lifestyle elements researchers tend to portray as mutually exclusive—rural lifestyle, proximity to family, and professional career—as compatible by employing broad and flexible definitions of proximity and place.     

Self‐Construal,Career Decision Self‐Efficacy,and Perceived Barriers Predict Mexican American Women's Life Satisfaction

This study used the social cognitive theory of well‐being (SCTW; Lent, 2004 ) to examine the role of career decision self‐efficacy (CDSE), perceived educational barriers, and independent self‐construal on the life satisfaction of 176 Mexican American college women. A 3‐step hierarchical regression analysis indicated that independent self‐construal, CDSE, and fewer perceived educational barriers significantly predicted greater life satisfaction among Mexican American college women above and beyond the influence of socioeconomic status and generational status. These findings are consistent with SCTW and highlight the need for counselors and researchers to be aware of the role that self‐construal, CDSE, and perceived educational barriers can have on Mexican American women's life satisfaction. Implications for practice at the secondary‐school and university levels are discussed.     

The Labor Market Returns to AACSB Accreditation

We examine whether there is a wage premium from attending an AACSB accredited business college compared to a non-accredited business college. To estimate the returns to AACSB accreditation, we use data from the 1993/1994 Baccalaureate and Beyond Longitudinal Study, which provides a rich set of control variables. The earnings regressions suggest that there is no wage premium associated with graduating from an AACSB accredited business college upon entry into the workforce.     

Vietnamese American sexual behaviors & HIV infection

This brief report presents some preliminary findings of an on‐going ethnosexual field study of Vietnamese American sexual behaviors in Orange County, California, and indicates how they may be related to HIV infection. The primary objective of the study is to gather data on those sexual behaviors having the highest likelihood of transmitting the AIDS virus. The field research data indicate that in the ‘Vietnamese American population, highly acculturated Vietnamese homosexual men, whose partner preference is primarily for Anglo men with whom they play both sexual roles in anal intercourse, appear at present to be at highest risk for HIV infection. Transmission of the AIDS virus within the Vietnamese American population may be facilitated by Vietnamese American men who practice unsafe sex with both Anglo and Vietnamese men. The field research data also indicate that a potential exists for the spread of HIV into the heterosexual population through the sexual activity of Vietnamese men with non‐Vietnamese female prostitutes in California and Mexico, and through the sexual activity of ‘Vietnamese men with Thai and Vietnamese prostitutes in Thailand and Vietnam while on return visits to Southeast Asia.     

大学毕业生就业问题与政策研究

青年失业是世界各国的普遍现象,也是一个全球性的社会问题。在经济不断发展的今天,大学毕业生就业问题越来越严峻,成为中国政府日益重视的现实课题。大学毕业生就业难具有多重因素。经济增长方式不协调和高校教育模式的计划性与就业的市场化之间的矛盾成为就业困难的主要原因。由于就业困难。一些用人单位人才高消费和大学毕业生沦为边缘群体事件频发。2012年,第一批“90后”大学生步入就业市场,未来的大学毕业生的就业问题就是“90后”的就业问题,大学生的发展问题也就是“90后”的发展问题。因此,要研究“90后”大学生的发展特点,建立与完善大学毕业生就业的法律保障体系、就业社会政策和创业教育制度等相关政策势在必行。     

Changes in Extended Family Relationships for Mexican American and Anglo Single Mothers

The first year of single parenthood requires adjustments in many facets of one's lifestyle, including relationships with parents and other relatives. During this transition period the women may need to rely more heavily on her family for emotional and material aid, but reactions of family members may compound the problems she experiences. In this study the relationship between family reactions and ethnicity, generation, religion, father's job classification, and the cause of single parenthood are explored for a sample of Mexican American and Anglo single women in San Jose, California. The results indicate that there are ethnic differences in family responses. The Mexican Americans are less supportive of the divorced or separated mothers. Although there are no significant ethnic difference in family responses to the never-married mothers, the Anglos are relatively less supportive of this category than of the divorced or separated women. Some implications are discussed for social programs serving single parent populations.