Advanced Search
MyIDEAS: Login to save this article or follow this journal

Ova and out: Using twins to estimate the educational returns to attending a selective college

Contents:

Author Info

  • Smith, Jonathan

Abstract

Research has shown that attending a relatively selective four-year college over a less selective alternative is positively related to bachelor's degree completion. This paper revisits that question with a novel dataset of over 11,000 sets of twins in the United States and information on colleges to which they apply, enroll, and potentially graduate. I show that a student's probability of bachelor's degree completion within four years increases by 5 percentage points by choosing an institution with a median SAT score 100 points higher than the alternative. Moreover, the estimated magnitude of impact is insensitive to several methodologies, including OLS, twin fixed effects, and controlling for the application portfolio. This suggests that in certain contexts, sources of bias perceived as barriers to obtaining causal estimates of the returns to college selectivity, such as unobserved family characteristics and student aspiration, may be of little concern.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.sciencedirect.com/science/article/pii/S0272775713000897
Download Restriction: Full text for ScienceDirect subscribers only

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Bibliographic Info

Article provided by Elsevier in its journal Economics of Education Review.

Volume (Year): 36 (2013)
Issue (Month): C ()
Pages: 166-180

as in new window
Handle: RePEc:eee:ecoedu:v:36:y:2013:i:c:p:166-180

Contact details of provider:
Web page: http://www.elsevier.com/locate/econedurev

Related research

Keywords: Higher education; Returns to selectivity; College completion;

Find related papers by JEL classification:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Long, Mark C., 2008. "College quality and early adult outcomes," Economics of Education Review, Elsevier, vol. 27(5), pages 588-602, October.
  2. Lindahl, Lena & Regnér, Håkan, 2003. "College choice and subsequent earnings. Results using Swedish sibling data," Working Paper Series 4/2003, Swedish Institute for Social Research.
  3. Dominic J. Brewer & Eric R. Eide & Ronald G. Ehrenberg, 1999. "Does It Pay to Attend an Elite Private College? Cross-Cohort Evidence on the Effects of College Type on Earnings," Journal of Human Resources, University of Wisconsin Press, vol. 34(1), pages 104-123.
  4. Kamin,L.J. & Goldberger,A.S., 2001. "Twin studies in behavioral research : a skeptical view," Working papers 8, Wisconsin Madison - Social Systems.
  5. Dan A. Black & Jeffrey A. Smith, 2006. "Estimating the Returns to College Quality with Multiple Proxies for Quality," Journal of Labor Economics, University of Chicago Press, vol. 24(3), pages 701-728, July.
  6. Stacy Berg Dale & Alan B. Krueger, 2002. "Estimating The Payoff To Attending A More Selective College: An Application Of Selection On Observables And Unobservables," The Quarterly Journal of Economics, MIT Press, vol. 117(4), pages 1491-1527, November.
  7. James, Estelle, et al, 1989. "College Quality and Future Earnings: Where Should You Send Your Child to College?," American Economic Review, American Economic Association, vol. 79(2), pages 247-52, May.
  8. Stacy Dale & Alan B. Krueger, 2011. "Estimating the Return to College Selectivity over the Career Using Administrative Earning Data," Working Papers 1297, Princeton University, Department of Economics, Industrial Relations Section..
  9. Smith, Jonathan & Pender, Matea & Howell, Jessica, 2013. "The full extent of student-college academic undermatch," Economics of Education Review, Elsevier, vol. 32(C), pages 247-261.
  10. David Card & Alan B. Krueger, 2005. "Would the elimination of affirmative action affect highly qualified minority applicants? Evidence from California and Texas," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 58(3), pages 416-434, April.
  11. Dan A. Black & Jeffrey Smith, 2003. "How Robust is the Evidence on the Effects of College Quality? Evidence From Matching," University of Western Ontario, CIBC Centre for Human Capital and Productivity Working Papers 20033, University of Western Ontario, CIBC Centre for Human Capital and Productivity.
  12. Devin G. Pope & Jaren C. Pope, 2009. "The Impact of College Sports Success on the Quantity and Quality of Student Applications," Southern Economic Journal, Southern Economic Association, vol. 75(3), pages 750–780, January.
  13. John Bound & Gary Solon, 1998. "Double Trouble: On the Value of Twins-Based Estimation of the Return to Schooling," NBER Working Papers 6721, National Bureau of Economic Research, Inc.
  14. Eide, Eric & Brewer, Dominic J. & Ehrenberg, Ronald G., 1998. "Does it pay to attend an elite private college? Evidence on the effects of undergraduate college quality on graduate school attendance," Economics of Education Review, Elsevier, vol. 17(4), pages 371-376, October.
  15. Monks, James, 2000. "The returns to individual and college characteristics: Evidence from the National Longitudinal Survey of Youth," Economics of Education Review, Elsevier, vol. 19(3), pages 279-289, June.
  16. Alan Krueger & Orley Ashenfelter, 1992. "Estimates of the Economic Return to Schooling from a New Sample of Twins," NBER Working Papers 4143, National Bureau of Economic Research, Inc.
  17. Neumark, David, 1999. "Biases in twin estimates of the return to schooling," Economics of Education Review, Elsevier, vol. 18(2), pages 143-148, April.
  18. Caroline Hoxby & Christopher Avery, 2013. "The Missing "One-Offs": The Hidden Supply of High-Achieving, Low-Income Students," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 46(1 (Spring), pages 1-65.
  19. Behrman, Jere R & Rosenzweig, Mark R & Taubman, Paul, 1996. "College Choice and Wages: Estimates Using Data on Female Twins," The Review of Economics and Statistics, MIT Press, vol. 78(4), pages 672-85, November.
  20. Loury, Linda Datcher & Garman, David, 1995. "College Selectivity and Earnings," Journal of Labor Economics, University of Chicago Press, vol. 13(2), pages 289-308, April.
  21. Rouse, Cecilia Elena, 1999. "Further estimates of the economic return to schooling from a new sample of twins," Economics of Education Review, Elsevier, vol. 18(2), pages 149-157, April.
  22. Mark Hoekstra, 2009. "The Effect of Attending the Flagship State University on Earnings: A Discontinuity-Based Approach," The Review of Economics and Statistics, MIT Press, vol. 91(4), pages 717-724, November.
  23. Charles F. Manski, 2011. "Genes, Eyeglasses, and Social Policy," Journal of Economic Perspectives, American Economic Association, vol. 25(4), pages 83-94, Fall.
  24. Brian Jacob & Brian McCall & Kevin M. Stange, 2013. "College as Country Club: Do Colleges Cater to Students’ Preferences for Consumption?," NBER Working Papers 18745, National Bureau of Economic Research, Inc.
Full references (including those not matched with items on IDEAS)

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:eee:ecoedu:v:36:y:2013:i:c:p:166-180. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.