Effect of College Characteristics on 2007 Earnings, 1989 Cohort of Men and Women
| College Characteristic | ||||||
|---|---|---|---|---|---|---|
| School SAT Score/100 | Log Net Tuition | Barron’s Index | ||||
| Basic | Self-Revelation | Basic | Self-Revelation | Basic | Self-Revelation | |
| Parameter estimate for effect of quality measure on log 2007 earnings | 0.056 (0.014) {0.031} | −0.008 (0.019) {0.034} | −0.011 (0.025) {0.062} | −0.108 (0.028) {0.070} | 0.069 (0.017) {0.038} | −0.002 (0.022) {0.042} |
| Sample size | 6,479 | 6,479 | 6,479 | |||
Source: C&B data and Detailed Earnings Records from the Social Security Administration.
Notes: Parameter estimates drawn from a weighted least squares regression. Each cell represents a different regression. Both the basic and self-revelation models control for race, sex, predicted parental income, student’s SAT score, a dummy indicating if student SAT score was missing, student’s high school grade point average, a dummy indicating if high school grade point average was missing, and whether the student was a college athlete; the self-revelation model also controls for the average SAT score of the schools to which the student applied and dummies for the number of applications the student submitted. Weights were used to make the sample representative of students at C&B schools. Two sets of standard errors are reported, one in parentheses and in brackets. Standard errors in brackets are robust to correlated errors among students who attended the same institution. The Barron’s measure is coded as a continuous measure, ranging from 2 (Competitive colleges) to 5 (Most Competitive colleges) for our sample. Individuals were excluded if their annual earnings were less than $13,822 in 2007 dollars.