Diversity in Education
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How Do Academic Achievement and Gender Affect the Earnings of STEM Majors? A Propensity Score Matching Approach

– Results indicate a significant, positive earnings benefit of STEM major choice for nearly all groups. The only exception is men in the first quartile of ACT scores, for whom there is no significant treatment effect. The effect of STEM major choice on current earnings across all quartiles of ACT scores is about 22% for women and 18% for men.
– The effect of STEM major choice is more pronounced with initial earnings. Overall, the earnings benefit of STEM major choice is about 23% for women and 19% for men. As before, the only insignificant treatment effect is the effect for men in the first quartile of achievement.
– High-achieving men who do not to attend graduate school earn larger earnings boosts to STEM major choice, compared to those who attend graduate school.

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