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首页> 外文期刊>Journal of the European Economic Association >THE RETURNS TO ELITE UNIVERSITY EDUCATION: A QUASI-EXPERIMENTAL ANALYSIS
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THE RETURNS TO ELITE UNIVERSITY EDUCATION: A QUASI-EXPERIMENTAL ANALYSIS

机译：精英大学教育的回报：准实验分析

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摘要

I take advantage of a discontinuity in the probability of admission to a highly selective private university to estimate causal returns to investing in elite university education. I use a newly assembled data set that combines individual administrative records about high school attendance, university admission, university attendance, and tax returns. I find a discontinuity in income of 38 log points at the admission cutoff. The fuzzy regression discontinuity estimate for the elite enrollment effect is 58 log points. This should be interpreted as the average treatment effect for students applying to the elite university who are close to the cutoff and chose to enroll. When I take into account the evidence that students enrolling in the elite university tend to make different field choices, the net institutional enrollment premium is 41 log points. Cumulated over 15 years, the net-of-tuition elite premium is (sic)246,991. I explore potential channels explaining the sizeable enrollment effects and I find that students just above the admission cutoff are 15 percentage points more likely to complete a university degree, they are 26 percentage points more likely to graduate on time and attend university with substantially higher quality peers.
机译：我利用不连续的可能性，即入学高度选择性的私立大学，以估计因果大学对精英大学教育的投资。我使用新组装的数据集，该数据集结合了有关高中出勤，大学入学，大学出勤和纳税申报表的个人行政记录。我发现在入学截止下，收入不连续38个日志点。精英入学效应的模糊回归不连续性估计值为58个日志点。这应该被解释为申请接近临界的精英大学的学生的平均治疗效果，并选择参加。当我考虑到精英大学入学的学生倾向于做出不同的现场选择的证据时，机构净入学保费是41个日志点。累积15年以上的净精英保费为（SIC）246,991。我探索了潜在的渠道，解释了大量的入学效果，我发现刚好高于入学级别的学生更有可能获得15个百分点，更有可能获得大学学位，他们的26个百分点的及时毕业的可能性更高，并且与同伴质量更高的大学上学更大的可能性。 。

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