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The Definition and Impact of College Quality

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  • Lewis C. Solmon

Abstract

In this paper we are concerned with the characteristics of colleges which serve to increase subsequent monetary incomes of those who attend. Usually, lifetime earnings are explained by variables such as innate ability, experience in the labor force and years of education, although other socio-economic, demographic and occupational data can be inserted to increase the explanatory power of the model. This paper attempts to add a new dimension to the earnings function analysis by hypothesizing the features of colleges which might yield financial payoffs later in life, and then testing to see which of these traits actually do add most to the explanatory power of the traditional earnings function.

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  • Lewis C. Solmon, 1973. "The Definition and Impact of College Quality," NBER Working Papers 0007, National Bureau of Economic Research, Inc.
  • Handle: RePEc:nbr:nberwo:0007
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    Cited by:

    1. Ruth Berkowitz, 1998. "One Point on the Lsat: How much is it Worth? Standardized Tests as a Determinant of Earnings," The American Economist, Sage Publications, vol. 42(2), pages 80-89, October.
    2. Khan, Aliya Hashmi, 1997. "Post-migration investment in education by immigrants in the United States," The Quarterly Review of Economics and Finance, Elsevier, vol. 37(Supplemen), pages 285-313.
    3. Egon Franck & Christian Opitz, 2001. "Zur Funktion von Studiengebühren angesichts von Informationsasymmetrien auf Humankapitalmärkten," Schmalenbach Journal of Business Research, Springer, vol. 53(2), pages 91-106, March.
    4. Arleen Leibowitz, 1974. "Years and Intensity of Schooling Investing," NBER Working Papers 0049, National Bureau of Economic Research, Inc.
    5. Berhman, J-R & Kletzer, L & Constantine, J & McPherson, M & Schapiro, M-O, 1996. "The Impact of College Quality on Wages : Are There Differences Among Demographic Groups?," Williams Project on the Economics of Higher Education DP-38, Department of Economics, Williams College.
    6. Kong, Wei-Hsin & Fu, Tsu-Tan, 2012. "Assessing the performance of business colleges in Taiwan using data envelopment analysis and student based value-added performance indicators," Omega, Elsevier, vol. 40(5), pages 541-549.
    7. Dominic J. Brewer & Eric Eide & Ronald G. Ehrenberg, 1996. "Does It Pay To Attend An Elite Private College? Cross Cohort Evidence on the Effects of College Quality on Earnings," NBER Working Papers 5613, National Bureau of Economic Research, Inc.
    8. Paul J. Taubman, 1977. "Schooling, Ability, Nonpecuniary Rewards, Socioeconomic Background, and the Lifetime Distribution of Earnings," NBER Chapters, in: The Distribution of Economic Well-Being, pages 419-510, National Bureau of Economic Research, Inc.
    9. Paul J. Taubman, 1973. "Schooling, Ability, Non Pecuniary Rewards, Socioeconomic Background and the Lifetime Distribution of Earnings," NBER Working Papers 0017, National Bureau of Economic Research, Inc.
    10. Hartog, Joop & Sun, Yuze & Ding, Xiaohao, 2010. "University rank and bachelor's labour market positions in China," Economics of Education Review, Elsevier, vol. 29(6), pages 971-979, December.
    11. Paul Wachtel, 1975. "The Returns to Investment in Higher Education: Another View," NBER Chapters, in: Education, Income, and Human Behavior, pages 151-170, National Bureau of Economic Research, Inc.

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