Effect of School Characteristics on 2007 Earnings (Black and Hispanic Students Only, 1989 Cohort)
| Dependent Variable | School SAT Score/100 | Log Net Tuition | Barron’s Index | |||
|---|---|---|---|---|---|---|
| Basic | Self-Revelation | Basic | Self-Revelation | Basic | Self-Revelation | |
| All black and Hispanic students Parameter estimate for effect of quality measure on log 2007 earnings | 0.067 (0.019) {0.028} | 0.076 (0.032) {0.042} | 0.173 (0.056) {0.076} | 0.138 (0.071) {0.092} | 0.063 (0.022) {0.033} | 0.049 (0.036) {0.046} |
| Sample size | 1,508 | 1,508 | 1,508 | |||
Source: C&B Survey and Social Security Administration’s Detailed Earnings Records.
Notes: Parameter estimates drawn from weighted least squares regression models. Weights were used to make the sample representative of the population of students at C&B schools. Both the basic and self-revelation models control for race, sex, predicted parental income, student SAT score, student high school grade point average, dummy variables indicating if high school grade point average or student SAT score 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. Two sets of standard errors are reported, one in parentheses and one 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 are excluded if they earned less than $13,822 in 2007.