Gaining entrance to a four-year college or university, particularly a selective institution, has become increasingly competitive over the last several decades. We document this phenomenon and show how it has varied across different parts of the student ability distribution and across region, with the most pronounced increases in competition being found among higher-ability students and in the Northeast. Additionally, we explore how the college preparatory behavior of high school seniors has changed in response to the growth in competition. We also discuss the theoretical implications of increased competition on longer-term measures of learning and achievement and attempt to test them empirically; the evidence and related literature, while limited, suggests little long-term benefit.
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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number
15272.
Length: Date of creation: Aug 2009 Date of revision: Handle: RePEc:nbr:nberwo:15272
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Find related papers by 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
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Garey Ramey & Valerie A. Ramey, 2009.
"The Rug Rat Race,"
NBER Working Papers
15284, National Bureau of Economic Research, Inc.
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