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. Author manuscript; available in PMC: 2019 Aug 1.
Published in final edited form as: Am Econ Rev. 2016 Mar;106(3):525–562. doi: 10.1257/aer.20130626

Table A-7:

Nested Logit Coefficients for Choice of Final Major based on 4-year Graduation Criteria

Science Non Science Science Non Science
Panel A: Net Returns Function:
Campus-Specific Intercept Coefficients (ϕ1jk): Campus-Specific Slope Coefficients (ϕ2jk):
UCLA −0.362 (0.935) −1.972** (0.381) UCLA × AIij 0.005 (0.059) 0.334** (0.081)
San Diego 3.69** (0.821) −0.214 (0.356) San Diego × AIij −0.203** (0.048) 0.011 (0.071)
Davis 2.991** (0.816) −0.361 (0.323) Davis×AIij −0.203** (0.048) −0.050 (0.065)
Irvine 3.064** (0.856) 0.089 (0.339) Irvine × Alij −0.192** (0.051) −0.078 (0.072)
Santa Barbara 5.366** (0.832) 0.458 (0.327) Santa Barbara × Alij −0.326** (0.047) −0.069 (0.064)
Santa Cruz 8.406** (0.923) 2.109** (0.432) Santa Cruz × Alij −0.537** (0.048) −0.409** (0.066)
Riverside 5.727** (0.866) 0.904** (0.367) Riverside × AIij −0.325** (0.048) −0.158** (0.077)
Panel B: Academic Preparation Function (Alj):
HS GPA 2.114** (0.154) 1.020** (0.111)
SAT Math 9.469** (0.559) −1.01** (0.231)
SAT Verbal 0.009** (0.340) 2.417** (0.271)
URM −1.136** (0.218) −0.851** (0.128)
Asian 0.048 (0.053) −0.275** (0.041)
Nesting parameter
ρ 0.407** (0.083)
Log-Likelihood −54,670

All campus dummies are measured relative to UC Berkeley (the omitted category). The coefficients on ϕ1jk and ϕ2jk for UC Berkeley are normalized to zero and one, respectively.

* and ** indicate significance at 10% and 5% level, respectively.