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College Quality and the Wages of Young Men

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Author Info
Kermit Daniel (University of Pennsylvania)
Dan Black (University of Kentucky)
Jeffery Smith (University of Western Ontario)

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Abstract

Using the rich data from the National Longitudinal Survey of Youth, we show that several dimensions of college quality have substantial positive impacts on young men's wages. This finding is robust to a wide array of alternative specifications. Controlling for ability reveals that sorting of more able persons into better colleges accounts for only a modest portion of the unconditional quality effect. We find that young black men reap larger gains to quality than do young white men. Our results also indicate that attending a college with a racially diverse student body increases the later earnings of both white and black men.

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Publisher Info
Paper provided by EconWPA in its series HEW with number 9604001.

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Length: 95 pages
Date of creation: 01 Apr 1996
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Handle: RePEc:wpa:wuwphe:9604001

Note: Type of Document - Word for Windows (v6.01); prepared on IBM PC compatible; to print on Hp LaserJet (PCL); pages: 95; figures: Tables included at end of document.. Binary Word for Windows (v6.01) document, 95 pages including Tables at end.
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Related research
Keywords: returns to education; human capital; wages.;

Other versions of this item:

Find related papers by JEL classification:
I2 - Health, Education, and Welfare - - Education
J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs

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.:

  1. Daniel, K. & Black, D. & Smith, J., 1997. "College Quality and the Wages of Young Men," UWO Department of Economics Working Papers 9707, University of Western Ontario, Department of Economics.
    Other versions:
  2. Gary S. Becker & Nigel Tomes, 1976. "Child Endowments, and the Quantity and Quality of Children," NBER Working Papers 0123, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  3. James J. Heckman, 1976. "The Common Structure of Statistical Models of Truncation, Sample Selection and Limited Dependent Variables and a Simple Estimator for Such Models," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 5, number 4, pages 120-137 National Bureau of Economic Research, Inc. [Downloadable!]
  4. 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. [Downloadable!] (restricted)
  5. 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. [Downloadable!] (restricted)
  6. Joseph G. Altonji & Thomas A. Dunn, 1995. "The Effects of School and Family Characteristics on the Return to Education," NBER Working Papers 5072, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  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. [Downloadable!] (restricted)
  8. Koenker, Roger, 1981. "A note on studentizing a test for heteroscedasticity," Journal of Econometrics, Elsevier, vol. 17(1), pages 107-112, September. [Downloadable!] (restricted)
  9. Card, David & Krueger, Alan B, 1992. "Does School Quality Matter? Returns to Education and the Characteristics of Public Schools in the United States," Journal of Political Economy, University of Chicago Press, vol. 100(1), pages 1-40, February. [Downloadable!] (restricted)
    Other versions:
  10. Breusch, T S & Pagan, A R, 1979. "A Simple Test for Heteroscedasticity and Random Coefficient Variation," Econometrica, Econometric Society, vol. 47(5), pages 1287-94, September. [Downloadable!] (restricted)
  11. Hanushek, Eric A, 1986. "The Economics of Schooling: Production and Efficiency in Public Schools," Journal of Economic Literature, American Economic Association, vol. 24(3), pages 1141-77, September. [Downloadable!] (restricted)
  12. James Heckman & Anne Layne-Farrar & Petra Todd, 1995. "Does Measured School Quality Really Matter? An Examination of the Earnings-Quality Relationship," NBER Working Papers 5274, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
Full references

Cited by:
(explanations, 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.)

  1. Betts, Julian & Ferrall, Christopher & Finnie, Ross, 2007. "The Role of University Characteristics in Determining Post-graduation Outcomes: Panel Evidence from Three Recent Canadian Cohorts," Analytical Studies Branch Research Paper Series 2007292e, Statistics Canada, Analytical Studies Branch. [Downloadable!]
    Other versions:
  2. Mariana Alfonso & Juan Carlos Calcagno, 2007. "Matriculación de minorías en universidades públicas de selectividad diversa, bajo distintos regímenes de admisión: El caso de Texas," RES Working Papers 4543, Inter-American Development Bank, Research Department. [Downloadable!]
  3. Mariana Alfonso & Juan Carlos Calcagno, 2007. "Minority Enrollments at Public Universities of Diverse Selectivity Levels under Different Admission Regimes: The Case of Texas," RES Working Papers 4542, Inter-American Development Bank, Research Department. [Downloadable!]
  4. Eliasson, Kent, 2006. "How Robust is the Evidence on the Returns to College Choice? Results Using Swedish Administrative Data," UmeÃ¥ Economic Studies 692, Umeå University, Department of Economics. [Downloadable!]
  5. Kelly Bedard, . "School Quality and the Distribution of Male Earnings in Canada," Claremont Colleges Working Papers 1999-13, Claremont Colleges. [Downloadable!]
    Other versions:
  6. repec:fth:prinin:409 is not listed on IDEAS
  7. Stacy Berg Dale & Alan Krueger, 1998. "Estimating the Payoff to Attending a More Selective College: An Application of Selection on Observables and Unobservables," Working Papers 788, Princeton University, Department of Economics, Industrial Relations Section.. [Downloadable!]
    Other versions:
  8. 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 Human Capital and Productivity Project Working Papers 20033, University of Western Ontario, CIBC Human Capital and Productivity Project. [Downloadable!]
    Other versions:
  9. 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. [Downloadable!] (restricted)
  10. Eliasson, Kent, 2006. "The Role of Ability in Estimating the Returns to College Choice: New Swedish Evidence," UmeÃ¥ Economic Studies 691, Umeå University, Department of Economics. [Downloadable!]
  11. Betts, Julian & Ferrall, Christopher & Finnie, Ross, 2007. "L'incidence des caractéristiques d'une université sur les résultats professionnels après le diplôme : témoignages de trois cohortes canadiennes récemment diplômées," Direction des études analytiques : documents de recherche 2007292f, Statistics Canada, Direction des études analytiques. [Downloadable!]
  12. Kermit Daniel & Dan Black & Jeffery Smith, 1996. "College Characteristics and the Wages of Young Women," HEW 9604002, EconWPA. [Downloadable!]
  13. Eliasson, Kent, 2006. "College Choice And Earnings Among University Graduates In Sweden," UmeÃ¥ Economic Studies 693, Umeå University, Department of Economics. [Downloadable!]
  14. Kermit Daniel & Dan Black & Jeffery Smith, 1996. "College Quality and the Wages of Young Men," HEW 9604001, EconWPA. [Downloadable!]
    Other versions:
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This page was last updated on 2009-11-19.


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