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The Elite School Wage Premium
- barry-cotter 6y ago> In theory, the best students go to the best colleges, receive the best education, and then take the best jobs. > In practice, this logic might be giving too much credit to elite schools. > A paper in the July issue of the American Economic Journal: Applied Economics found no evidence that India’s most prestigious colleges offered a better education. But author Sheetal Sekhri said that they still boosted earnings. ... > The jump at zero indicates that scoring just high enough for admission to a public school increased salaries by approximately 8,000 rupees. To put that in perspective, entry-level jobs in the sample paid anywhere between 15,000 rupees and 40,000 rupees.
- gbronner 6y agoA third explanation is that if you barely got in, you feel as if you aren't smart enough to be a professor, and work unusually hard to be successful in highly remunerated fields