"Who Needs Harvard?"--Time Mag. Cover Story

<p>“Krueger says that there is one exception to this. Students from the very lowest economic strata do seem to benefit from going to an Ivy.” </p>

<p>The Krueger study is implausible to me, and in any case badly needs replication on a different data set. But supposing it is correct, it shows that </p>

<p>1) people who APPLY TO and get into elite schools could fare about as well at less elite schools (in other words, people too lazy/too scared to apply to elite schools may still be at a disadvantage compared to elite school grads) </p>

<p>and </p>

<p>2) poor people who get into elite schools are better off at elite schools than at any other kind of school. </p>

<p>That’s what the study shows, on its own terms. But I hope someone attempts to replicate the study soon, because I doubt that the elite school advantage is as small as Krueger’s study concluded.</p>