TY - JOUR T1 - Who Receives the College Wage Premium? JF - Journal of Human Resources JO - J Hum Resour SP - 746 LP - 773 DO - 10.3368/jhr.XXXIX.3.746 VL - XXXIX IS - 3 AU - Audrey Light AU - Wayne Strayer Y1 - 2004/07/01 UR - http://jhr.uwpress.org/content/XXXIX/3/746.abstract N2 - Using data from the 1979 National Longitudinal Survey of Youth, we estimate wage models in which college-educated workers are classified according to their degree attainment, college type, and college transfer status. The detailed taxonomy produces modest improvements in explanatory power relative to standard specifications, and reveals considerable heterogeneity in the predicted wages of college-educated workers. We find that transfer students receive an “indirect” wage benefit insofar as changing colleges allows them to earn a degree. Some transfer students receive an additional “direct” wage benefit, presumably because switching schools increases their skill investment opportunities. ER -