International Journal of Social Science & Economic Research
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Title:
TOO MUCH FOR TOO LITTLE: ANALYZING THE CONTEMPORARY ECONOMIC WORTH OF COLLEGE MAJORS IN INDIA AND THE UNITED STATES

Authors:
Jai Talwar

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Jai Talwar
Marlborough College, United Kingdom

MLA 8
Talwar, Jai. "TOO MUCH FOR TOO LITTLE: ANALYZING THE CONTEMPORARY ECONOMIC WORTH OF COLLEGE MAJORS IN INDIA AND THE UNITED STATES." Int. j. of Social Science and Economic Research, vol. 4, no. 8, Aug. 2019, pp. 5709-5717, ijsser.org/more2019.php?id=438. Accessed Aug. 2019.
APA
Talwar, J. (2019, August). TOO MUCH FOR TOO LITTLE: ANALYZING THE CONTEMPORARY ECONOMIC WORTH OF COLLEGE MAJORS IN INDIA AND THE UNITED STATES. Int. j. of Social Science and Economic Research, 4(8), 5709-5717. Retrieved from ijsser.org/more2019.php?id=438
Chicago
Talwar, Jai. "TOO MUCH FOR TOO LITTLE: ANALYZING THE CONTEMPORARY ECONOMIC WORTH OF COLLEGE MAJORS IN INDIA AND THE UNITED STATES." Int. j. of Social Science and Economic Research 4, no. 8 (August 2019), 5709-5717. Accessed August, 2019. ijsser.org/more2019.php?id=438.

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Abstract:
The choice of a college major, for most, is primarily dependent on its economic worth. Economic worth determines and dictates the social and political capital that one enjoys, and is also directly related to the quantity and quality of that one has to grow. The economic worth of a college degree is determined by analysing the cost that an individual has to bear to complete it and comparing it to the short term and long term benefits that accrue once it is achieved. This paper explores the asymmetry in information in the market for higher education in the United States that has led to a student-debt crisis and systems of scholarship and financial aid that help students avert the same. The economic worth of a major to the levels of quality to employment that it makes people suitable for, and the chances of getting that kind of employment in the present labor market. The employability that various majors in the United States and India generate has been compared with the cost of completing them in these countries. Liberal arts and worth of interdisciplinarity in college education is imperative to ensure mobility in the labor market as it prepares individuals for inevitable changes in the economic and business environment.