Education debt and making a career choice in the public, private, and nonprofit sectors

Ng, Eddy S., and Johnson, Jasmine McGinnis (2017) Education debt and making a career choice in the public, private, and nonprofit sectors. Academy of Management Proceedings, 2017 (1).

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Abstract

We surveyed a sample of Millennial college seniors who are job seekers to investigate if: (1) education debt discourages students from pursuing (lower paying) public or nonprofit careers, and (2) whether PSM overrides the considerations students might make about entering lower paying sectors (i.e., public and nonprofit sectors) as their education debt rises. To our surprise, we find that education debt is related to a greater propensity to select lower paying public sector careers but not lower paying nonprofit jobs (except for those with high debt loads). Moderate levels of PSM are required for students to select public sector careers and high levels of PSM are required for students to select nonprofit careers with rising education debt. We conclude that individuals with a high debt load may be attracted to public policy setting and select public sector careers, while those who display empathy and compassion are attracted to nonprofit work in service to others.

Item ID: 58118
Item Type: Article (Abstract)
ISSN: 2151-6561
Date Deposited: 12 May 2019 23:14
FoR Codes: 15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1503 Business and Management > 150399 Business and Management not elsewhere classified @ 100%
SEO Codes: 91 ECONOMIC FRAMEWORK > 9104 Management and Productivity > 910499 Management and Productivity not elsewhere classified @ 100%
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