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sleep Nov 09,2009 51 notes Comments (View)
In the end, should students and parents just stop fretting over the high cost of elite universities and instead opt for a lower-priced public college? Probably. It turns out that where students go as undergraduates doesn’t help them earn more money over their lifetimes, according to a 2002 study by Stacy Dale, a researcher at Mathematica Policy Research in Princeton, N.J., and Alan Krueger, a Princeton economics and public affairs professor.

Money Builder Blog - Forbes.com


Here’s the abstract of that study …. it’s interesting…

Estimating the Payoff to Attending a More Selective College: An Application of Selection on Observables and Unobservables
There are many estimates of the effect of college quality on students’ subsequent earnings. One difficulty interpreting past estimates, however, is that elite colleges admit students, in part, based on characteristics that are related to their earnings capacity. Since some of these characteristics are unobserved by researchers who later estimate wage equations, it is difficult to parse out the effect of attending a selective college from the students’ pre-college characteristics. This paper uses information on the set of colleges at which students were accepted and rejected to remove the effect of unobserved characteristics that influence college admission. Specifically, we match students in the newly colleted College and Beyond (C&B) Data Set who were admitted to and rejected from a similar set of institutions, and estimate fixed effects models. As another approach to adjust for selection bias, we control for the average SAT score of the schools to which students applied using both the C&B and National Longitudinal Survey of the High School Class of 1972. We find that students who attended more selective colleges do not earn more than other students who were accepted and rejected by comparable schools but attended less selective colleges. However, the average tuition charged by the school is significantly related to the students’ subsequent earnings. Indeed, we find a substantial internal rate of return from attending a more costly college. Lastly, the payoff to attending an elite college appears to be greater for students from more disadvantaged family backgrounds.
education Nov 09,2009 Comments (View)
politics religion Nov 09,2009 Comments (View)
mabelmoments:


Location: near Callendar, Scotland. Spotted by: Tony Moore. (via telegraph uk)

Horny Hamish

mabelmoments:

Location: near Callendar, Scotland. Spotted by: Tony Moore. (via telegraph uk)

Horny Hamish

funny animals Nov 09,2009 33 notes Comments (View)

jordantumbles:

You’ve seen duct-tape baby sit, now there’s the Linux based bay-sitter!

tech children Nov 08,2009 3 notes Comments (View)
jordantumbles:

A farmer sprayed milk on police during a protest against falling milk prices outside the European Union headquarters Monday in Brussels. EU farm ministers are to discuss proposals in Brussels Monday on European dairy market rules to help milk farmers hit by falling prices. (Georges Gobet/AFP/Getty Images)
Thank you Wall St. Journal

jordantumbles:

A farmer sprayed milk on police during a protest against falling milk prices outside the European Union headquarters Monday in Brussels.
EU farm ministers are to discuss proposals in Brussels Monday on European dairy market rules to help milk farmers hit by falling prices. (Georges Gobet/AFP/Getty Images)

Thank you Wall St. Journal

funny Nov 08,2009 5 notes Comments (View)
psychology Nov 08,2009 52 notes Comments (View)
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politics Nov 07,2009 4 notes Comments (View)
education politics Nov 07,2009 9 notes Comments (View)
writing Nov 07,2009 29 notes Comments (View)
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psychology biology brain Nov 06,2009 2 notes Comments (View)
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