Do Measures of College Quality Matter? The Effect of College Quality on Graduates' Earnings

Liang Zhang

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Higher Education Research Studies Labor market dynamics and wage inequality School Choice and Performance

Abstract

This study reviews and explores varying effects of college quality caused by different measures of college quality, including Barron's ratings, mean SAT scores of entering freshman class, tuition and fees, and Carnegie Classification. Data for this research come from NCES's Baccalaureate & Beyond study. Results indicate that the estimated effect of college quality is sensitive to the measure of college quality, suggesting that different measures of college quality may provide a partial explanation for varying effects of college quality in previous studies. More importantly, this analysis shows that the common wisdom—that it pays to attend high-quality colleges—is robust to these measures.

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References

1992How College Affects Students: Findings and Insights From Twenty Years of Research.2002Estimating the Payoff to Attending a More Selective College: An Application of Selection on Observables and Unobservables 1999Does It Pay to Attend an Elite Private College? Cross-Cohort Evidence on the Effects of College Type on Earnings 1995College Selectivity and Earnings 2001Tuition Rising: Why College Costs So Much 1989College Quality and Future Earnings: Where Should You Send Your Child to College?1996College Choice and Wages: Estimates Using Data on Female Twins 2016Academic Achievement and Job Performance

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