The big sort: College reputation and labor market outcomes
We explore how college reputation affects the "big sort," the process by which students choose colleges and find their first jobs. We incorporate a simple definition of college reputation—graduates' mean admission scores—into a competitive labor market model. This generates a clear pr...
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| Veröffentlicht in: | American economic journal. Applied economics 2017-07, Vol.9 (3), p.223-261 |
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| container_title | American economic journal. Applied economics |
| container_volume | 9 |
| creator | MacLeod, W. Bentley Riehl Evan Saavedra, Juan E Urquiola, Miguel |
| description | We explore how college reputation affects the "big sort," the process by which students choose colleges and find their first jobs. We incorporate a simple definition of college reputation—graduates' mean admission scores—into a competitive labor market model. This generates a clear prediction: if employers use reputation to set wages, then the introduction of a new measure of individual skill will decrease the return to reputation. Administrative data and a natural experiment from the country of Colombia confirm this. Finally, we show that college reputation is positively correlated with graduates' earnings growth, suggesting that reputation matters beyond signaling individual skill. |
| doi_str_mv | 10.1257/app.20160126 |
| format | Article |
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Applied economics</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>MacLeod, W. Bentley</au><au>Riehl</au><au>Evan</au><au>Saavedra, Juan E</au><au>Urquiola, Miguel</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>The big sort: College reputation and labor market outcomes</atitle><jtitle>American economic journal. Applied economics</jtitle><date>2017-07-01</date><risdate>2017</risdate><volume>9</volume><issue>3</issue><spage>223</spage><epage>261</epage><pages>223-261</pages><issn>1945-7790</issn><issn>1945-7782</issn><eissn>1945-7790</eissn><abstract>We explore how college reputation affects the "big sort," the process by which students choose colleges and find their first jobs. We incorporate a simple definition of college reputation—graduates' mean admission scores—into a competitive labor market model. 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| identifier | ISSN: 1945-7790 |
| ispartof | American economic journal. Applied economics, 2017-07, Vol.9 (3), p.223-261 |
| issn | 1945-7790 1945-7782 1945-7790 |
| language | eng |
| recordid | cdi_proquest_journals_1914152358 |
| source | JSTOR Archive Collection A-Z Listing; American Economic Association Web |
| subjects | Admissions policies Arbeitsmarktchance Bildungsertrag College College graduates Colleges & universities Decision making Earnings Economic models Einkommenseffekt Einkommenshöhe First jobs Hochschulabsolvent Hochschulbildung Kolumbien Labor market Reputations Studienabschluss Studienortwahl Universität Wages & salaries |
| title | The big sort: College reputation and labor market outcomes |
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