Affiliation:
1. School of Finance Renmin University of China Beijing China
2. School of Economics and Management Tsinghua University Beijing China
3. Business School, Durham University Durham UK
Abstract
AbstractThis study examines the long‐term effect of a pandemic on a crucial human capital decision, namely college major choice. Using China's 2008–2016 major‐level National College Entrance Examination (Gaokao) entry grades, we find that the 2003 severe acute respiratory syndrome (SARS) had a substantial deterrent effect on the choice of majoring in medicine among high school graduates who experienced the pandemic in their childhood. In provinces with larger intensities of SARS impact, medical majors become less popular as the average Gaokao grades of enrolled students decline. Further evidence from a nationally representative survey shows that the intensity of the SARS impact significantly decreases children's aspirations to pursue medical occupations, but does not affect their parents' expectations for their children to enter the medical profession. Our discussion on the effect mechanism suggests that the adverse influence of SARS on the popularity of medical majors likely originates from students' childhood experiences.
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