Question

Because some college majors pay nearly twice as much as others, why would students pursuing their rational self-interest choose a lower paying major?

What can you learn about the payoff to college education for both women and men?

Answer 1

Lower paying college majors will still be chosen as they may be easier to pass through. Higher paying majors ay pay a lot ore but it will still mean that passing such courses will be much tougher. So those who are less competitive as students will always take up the lower paying major. This will enable them to have a better chance at passing and get a job even if it may not be a high paying one. Women nay choose lower paying majors if they are juggling a family along with studying for the course, while en ay choose a low paying major if they are working while doing the course. It will all boil down to priorities in deciding where the high payoffs will be, whether with men or women,