Variable | Dep. Var.: log(Rank_{i,t+1}) – log(Rank_{it}) | |||
---|---|---|---|---|

10th → 11th | 11th → 12th | |||

Coeff. | SE | Coeff. | SE | |

Constant | −0.50^{***} | (0.005) | −0.33^{***} | (0.005) |

−[log (GradeRank_{it} − log(5000)] | −0.07^{***} | (0.004) | −0.05^{***} | (0.004) |

Number of observations | 81,430 | 100,270 | ||

Root MSE | 0.92 | 1.01 |

Notes: Standard errors in parentheses.

↵*

*p*< 0.05,**

*p*< 0.01,***

*p*< 0.001.Table reports the results of IV regressions of growth in absolute performance as a function of initial performance relative to cohort. log(

*GradeRank*) instrumented with log(_{it}*GradeRanki*,_{i,t−1}).