PT - JOURNAL ARTICLE AU - Eleanor Wiske Dillon AU - Jeffrey Andrew Smith TI - The Consequences of Academic Match between Students and Colleges AID - 10.3368/jhr.55.3.0818-9702R1 DP - 2019 Nov 13 TA - Journal of Human Resources PG - 0818-9702R1 4099 - http://jhr.uwpress.org/content/early/2019/11/07/jhr.55.3.0818-9702R1.short 4100 - http://jhr.uwpress.org/content/early/2019/11/07/jhr.55.3.0818-9702R1.full AB - We consider the effects of student ability, college quality, and the interaction between the two on academic outcomes and earnings using data on two cohorts of college enrollees. Student ability and college quality strongly improve degree completion and earnings for all students. We find evidence of meaningful complementarity between student ability and college quality in degree completion at four years and long-term earnings, but not in degree completion at six years or STEM degree completion. This complementarity implies some tradeoff between equity and efficiency for policies that move lower ability students to higher quality colleges.