Music majors and musician income
摘要
Does it pay to get a college degree in music? We answer this question using data from the most recent five years of the American Community Survey, a survey of roughly fifteen million Americans, including over 14,000 professional musicians. We find that the answer differs greatly depending on what one considers to be the alternative to a music degree. Compared to no getting no college degree, music degrees are associated with higher incomes for both musicians and non-musicians. Compared to other college degrees, music degrees are associated with higher incomes for those who work as musicians, but much lower incomes for those who do not. We document a variety of other unusual facts about music as a profession: musicians are 4 times more likely than the average worker to be self-employed, and musicians work 13.7 h per week less than the average worker. Musicians who were music majors raise their incomes largely by working more, averaging 5.7 extra hours of work per week compared to non-majors and being 10.2% points more likely to be employed.