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College Quality and the Wages of Young Men

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Abstract

Using the 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.

Suggested Citation

  • Daniel, Kermit & Black, Dan & Smith, Jeffrey A., 1997. "College Quality and the Wages of Young Men," UWO Department of Economics Working Papers 9707, University of Western Ontario, Department of Economics.
  • Handle: RePEc:uwo:uwowop:9707
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    File URL: https://ir.lib.uwo.ca/cgi/viewcontent.cgi?article=1423&context=economicsresrpt
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    Cited by:

    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. Ralph Stinebrickner & Todd R. Stinebrickner, 2003. "Understanding Educational Outcomes of Students from Low-Income Families: Evidence from a Liberal Arts College with a Full Tuition Subsidy Program," Journal of Human Resources, University of Wisconsin Press, vol. 38(3).
    3. Christopher Ferrall & Julian Betts & Ross Finnie, 2006. "The Role Of University Characteristics In Determining Post-graduation Outcomes: Panel Evidence From Three Recent Canadian Cohorts," Working Paper 1055, Economics Department, Queen's University.
    4. Black, Dan A. & Smith, J.A.Jeffrey A., 2004. "How robust is the evidence on the effects of college quality? Evidence from matching," Journal of Econometrics, Elsevier, vol. 121(1-2), pages 99-124.
    5. Eliasson, Kent, 2006. "The Role of Ability in Estimating the Returns to College Choice: New Swedish Evidence," Umeå Economic Studies 691, Umeå University, Department of Economics.
    6. 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.
    7. Dan Black & Jeffrey Smith & Kermit Daniel, 2005. "College Quality and Wages in the United States," German Economic Review, Verein für Socialpolitik, vol. 6(3), pages 415-443, August.
    8. Arnaud Chevalier & Gavan Conlon, 2003. "Does it pay to attend a prestigious university?," CEE Discussion Papers 0033, Centre for the Economics of Education, LSE.
    9. 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.
    10. Julian Betts & Christopher Ferrall & Ross Finnie, 2013. "The Role of University Characteristics in Determining Post-Graduation Outcomes: Panel Evidence from Three Canadian Cohorts," Canadian Public Policy, University of Toronto Press, vol. 39(s1), pages 81-106, May.
    11. Eliasson, Kent, 2006. "How Robust is the Evidence on the Returns to College Choice? Results Using Swedish Administrative Data," Umeå Economic Studies 692, Umeå University, Department of Economics.
    12. Kermit Daniel & Dan Black & Jeffery Smith, 1996. "College Characteristics and the Wages of Young Women," HEW 9604002, University Library of Munich, Germany.
    13. Peter Arcidiacono & Jacob L. Vigdor, 2010. "Does The River Spill Over? Estimating The Economic Returns To Attending A Racially Diverse College," Economic Inquiry, Western Economic Association International, vol. 48(3), pages 537-557, July.
    14. 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.
    15. Kermit Daniel & Dan Black & Jeffery Smith, 1996. "College Quality and the Wages of Young Men," HEW 9604001, University Library of Munich, Germany.
    16. 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.
    17. Li, Hongbin & Meng, Lingsheng & Shi, Xinzheng & Wu, Binzhen, 2012. "Does attending elite colleges pay in China?," Journal of Comparative Economics, Elsevier, vol. 40(1), pages 78-88.
    18. 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.
    19. Eliasson, Kent, 2006. "College Choice And Earnings Among University Graduates In Sweden," Umeå Economic Studies 693, Umeå University, Department of Economics.
    20. Mariana Alfonso & Juan Carlos Calcagno, 2007. "Minority Enrollments at Public Universities of Diverse Selectivity Levels under Different Admission Regimes: The Case of Texas," Research Department Publications 4542, Inter-American Development Bank, Research Department.
    21. Mariana Alfonso & Juan Carlos Calcagno, 2007. "Matriculación de minorías en universidades públicas de selectividad diversa, bajo distintos regímenes de admisión: El caso de Texas," Research Department Publications 4543, Inter-American Development Bank, Research Department.
    22. Long, Mark C., 2008. "College quality and early adult outcomes," Economics of Education Review, Elsevier, vol. 27(5), pages 588-602, October.
    23. Minicozzi, Alexandra, 2005. "The short term effect of educational debt on job decisions," Economics of Education Review, Elsevier, vol. 24(4), pages 417-430, August.
    24. Ferrall, Christopher & Betts, Julian & Finnie, Ross, 2007. "L'incidence des caracteristiques d'une universite sur les resultats professionnels apres le diplome : temoignages de trois cohortes canadiennes recemment diplomees," Direction des études analytiques : documents de recherche 2007292f, Statistics Canada, Direction des études analytiques.
    25. Shomon Shamsuddin, 2016. "Berkeley or Bust? Estimating the Causal Effect of College Selectivity on Bachelor’s Degree Completion," Research in Higher Education, Springer;Association for Institutional Research, vol. 57(7), pages 795-822, November.

    More about this item

    Keywords

    EDUCATION; HUMAN CAPITAL; WAGES;

    JEL classification:

    • I2 - Health, Education, and Welfare - - Education
    • J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs

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