Effect of School SAT Score/100 on Earnings, 1976 Cohort
| Men | Women | Men and Women Pooled | ||||
|---|---|---|---|---|---|---|
| Basic | Self-Revelation | Basic | Self-Revelation | Basic | Self-Revelation | |
| Effect on log (median of 1983 through 1987 earnings) | ||||||
| Parameter estimate for school SAT /100 | 0.020 (0.008) {0.015} | 0.005 (0.011) {0.019} | −0.010 (0.007) {0.012} | −0.039 (0.012) {0.016} | 0.006 (0.005) {0.012} | −0.015 (0.008) {0.015} |
| N | 6,294 | 6,294 | 5,690 | 5,690 | 11,984 | 11,984 |
| Effect on log (median of 1988 earnings through 1992 earnings) | ||||||
| Parameter estimate for school SAT/100 | 0.063 (0.009) {0.014} | 0.009 (0.013) {0.018} | 0.028 (0.009) {0.015} | −0.037 (0.015) {0.020} | 0.048 (0.006) {0.013} | −0.011 (0.010) {0.013} |
| N | 6,911 | 6,911 | 6,294 | 6,294 | 12,407 | 12,407 |
| Effect on log (median of 1993 earnings through 1997 earnings) | ||||||
| Parameter estimate for school SAT/100 | 0.091 (0.010) {0.013} | 0.001 (0.016) {0.015} | 0.031 (0.011) {0.012} | −0.062 (0.018) {0.016} | 0.064 (0.007) {0.013} | −0.021 (0.012) {0.014} |
| N | 6,896 | 6,896 | 5,179 | 5,179 | 12,075 | 12,075 |
| Effect on log (median of 1998 earnings through 2002 earnings) | ||||||
| Parameter estimate for school SAT/100 | 0.097 (0.012) {0.015} | 0.012 (0.018) {0.023} | 0.035 (0.012) {0.013} | −0.076 (0.020) {0.016} | 0.070 (0.008) {0.013} | −0.024 (0.013) {0.020} |
| N | 6,869 | 6,869 | 5,195 | 5,195 | 12,064 | 12,064 |
| Effect on log (median of 2003 earnings through 2007 earnings) | ||||||
| Parameter estimate for school SAT/100 | 0.094 (0.013) (0.016) | 0.017 (0.020) {0.028} | 0.051 (0.012) {0.017} | −0.040 (0.021) {0.022} | 0.074 (0.009) {0.015} | −0.007 (0.014) {0.018} |
| N | 6,650 | 6,650 | 5,244 | 5,244 | 11,894 | 11,894 |
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. Each model controls for race, gender (in the pooled model only), predicted parental income, student’s SAT score, student’s high school grade point average, whether the student was a college athlete, and dummies indicating when high school GPA or SAT score were missing; the self-revelation model also controls for the average SAT score of the schools to which the student applied and 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. Individuals are excluded if the median of annual earnings over the five–year interval was less than $13,822 in 2007 dollars.