Elite/Ivy grads really do earn more? (new study)

roethlisburger
Sat, 05 Nov 2016 02:04:58 +0000

@dfbdb The decision has effectively already been made—which means my kids will never be ones that turn down Harvard for someplace else, because they’re never applying to Harvard. That invisible pre-creen of applicants skews the ability to make comparisons, too.

I expect this happens a lot. If your parents can’t or won’t pay for Harvard, even if you get admitted, there’s not much point in applying. It’s also why I think Krueger’s self revelation variable(best school applied to) is probably a proxy for having parents able to pay or at least cosign for the cost of elite colleges as much as anything else.