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The payoff to school selectivity: An application of Dale and Krueger’s method to MBA programs

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  • Chen, Weiwei
  • Grove, Wayne A.
  • Hussey, Andrew

Abstract

Many studies find a notable return to college quality. Dale and Krueger (2002, 2011) only do until they address selection bias concerns by proxying for ambition and by matching students with similar admission outcomes but different matriculation decisions. Although we employ similar methodologies to Dale and Krueger, we find substantial returns to MBA program selectivity.

Suggested Citation

  • Chen, Weiwei & Grove, Wayne A. & Hussey, Andrew, 2012. "The payoff to school selectivity: An application of Dale and Krueger’s method to MBA programs," Economics Letters, Elsevier, vol. 116(2), pages 247-249.
    • Handle: RePEc:eee:ecolet:v:116:y:2012:i:2:p:247-249
    DOI: 10.1016/j.econlet.2012.03.008
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    References listed on IDEAS

    as
    1. Long, Mark C., 2010. "Changes in the returns to education and college quality," Economics of Education Review, Elsevier, vol. 29(3), pages 338-347, June.
    2. Stacy Dale & Alan B. Krueger, "undated". "Estimating the Return to College Selectivity Over the Career Using Administrative Earning Data," Mathematica Policy Research Reports d76ec29a0bbb4b1bb9d285b5a, Mathematica Policy Research.
    3. repec:mpr:mprres:6922 is not listed on IDEAS
    4. Long, Mark C., 2008. "College quality and early adult outcomes," Economics of Education Review, Elsevier, vol. 27(5), pages 588-602, October.
    5. 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, Oxford University Press, vol. 117(4), pages 1491-1527.
    6. repec:pri:indrel:dsp01gf06g265z is not listed on IDEAS
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    Cited by:

    1. Leah Achdut & Elad Gutman & Idan Lipiner & Inbal Maayan & Noam Zussman, 2018. "The Wage Premium on Higher Education: Universities and Colleges," Bank of Israel Working Papers 2018.13, Bank of Israel.
    2. Walker, Ian & Zhu, Yu, 2018. "University selectivity and the relative returns to higher education: Evidence from the UK," Labour Economics, Elsevier, vol. 53(C), pages 230-249.
    3. Schwerter, Jakob, 2020. "Impact of universities in a flat hierarchy: Do degrees from top universities lead to a higher wage?," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224583, Verein für Socialpolitik / German Economic Association.
    4. Walker, Ian & Zhu, Yu, 2017. "University Selectivity and the Graduate Wage Premium: Evidence from the UK," IZA Discussion Papers 10536, Institute of Labor Economics (IZA).
    5. Milla, Joniada, 2017. "The Context-Bound University Selectivity Premium," IZA Discussion Papers 11025, Institute of Labor Economics (IZA).

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    More about this item

    Keywords

    Rate of return; School quality; Matching; MBA; Admission outcomes; Higher education;
    All these keywords.

    JEL classification:

    • I2 - Health, Education, and Welfare - - Education
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J1 - Labor and Demographic Economics - - Demographic Economics

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