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- Title
Student Choice of Undergraduate Major Field of Study and Private Internal Rates of Return. Comment.
- Authors
Ross, Myron H.
- Abstract
James V. Koch concludes that marginal changes in the internal rate of return (associated with different college major fields) are associated with student choice of major field of undergraduate study. Since this conclusion only relates to one case, Illinois State University (ISU), it may or may not hold true in other cases. A test was therefore made of whether Koch's results could be repeated for Western Michigan University (WMU). In 1970-71 WMU had an enrollment of 21,713 with a semester tuition cost of $261 for a full load, ISU in 1970-71 had an enrollment of 17,549 with a semester tuition cost of $270 for a full load. Both schools were former teachers colleges which evolved into universities during the post-2nd World War period. The dominant majors in both schools are in the fields of education, sociology, and business administration. Given the similar educational environments and the fact that the schools are almost in the same labor market-the two schools are approximately two-hundred miles apart, bracketing Chicago-Koch's internal rate of return calculations were accepted as valid for WMU.
- Subjects
RATE of return; INTERNAL rate of return; KOCH, James V.; RATIO analysis; EDUCATION; SOCIOLOGY; UNDERGRADUATE programs
- Publication
ILR Review, 1975, Vol 28, Issue 2, p285
- ISSN
0019-7939
- Publication type
Article
- DOI
10.1177/001979397502800207