Wednesday, March 26, 2008

Career Decision-Making

U.S. News and World Report has an interesting feature on popular careers that the article subjectively deems to be "over-rated". Possible alternatives are also suggested.

This illustrates a potential problem when inferring revealed preferences from early-stage career decision-making - individuals may not know how they actually feel about an occupation until they get to try it out. Therefore, we might expect less instances of job satisfaction closer to exit from school or college.

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