Source: C&B Survey and Detailed Earnings Records from the Social Security Administration.

Notes: Each cell represents parameter estimates from a separate weighted least squares 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. The omitted categories include the Competitive and Very Competitive categories for the 1976 cohort and the Competitive, Very Competitive, and Highly Competitive categories for the 1989 cohort. 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. Individuals with annual earnings less than $13,822 in 2007 dollars were excluded.