Does it pay to attend an elite private college? Cross-cohort evidence on the effects of college type on earnings.

Although a substantial and rising labor market premium is associated with college attendance in general, little is known about how this premium varies across institutions of different types and across time. In this paper we explicitly model high school students' choice of college type (characterized...

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Publicado en:Journal of Human Resources Vol. 34; no. 1; pp. 104 - 124
Autores principales: Brewer, Dominic J., Eide, Eric R., Ehrenberg, Ronald G.
Formato: Artículo
Publicado: University of Wisconsin Press Winter99
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: Does it pay to attend an elite private college? Cross-cohort evidence on the effects of college type on earnings.
      aug:
        au:
          Brewer, Dominic J.
          Eide, Eric R.
          Ehrenberg, Ronald G.
      su:
        Higher education & economics
        College choice
        University rankings
        Wage differentials
        College attendance
        United States
      sug:
        subj:
          United States
          Higher education & economics
          College choice
          University rankings
          Wage differentials
          College attendance
      ab: Although a substantial and rising labor market premium is associated with college attendance in general, little is known about how this premium varies across institutions of different types and across time. In this paper we explicitly model high school students' choice of college type (characterized by selectivity and control) based on individual and family characteristics (including ability and parental economic status) and an estimate of the net costs of attendance. We estimate selectivity-corrected outcome equations using data from both the National Longitudinal Study of the High School Class of 1972 and High School and Beyond, which permit us to determine the effects of college quality on wages and earnings and how this effect varies across time. Even after controlling for selection effects, strong evidence emerges of a significant economic return to attending an elite private institution, and some evidence suggests this premium has increased over time. Reprinted by permission of the publisher.
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      src: R
    language: English
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