Return on College Quality

Paper Summary:

This paper discusses the return on college quality and the difficulties in measuring it. The paper examines measurements by five researchers regarding the return students receive on college quality. It summarizes each articles and provides background and evidence for their findings. The paper concludes that there is little evidence of a discriminating way to measure collegiate quality.

Table of Contents:
"Measurements" Related to Collegiate Quality
College Quality and Future Earnings: Where Should You Send Your Child to College?
In Brief
Motivation
Background
Evidence
Does It Pay to Attend an Elite Private College? Cross-Cohort Evidence on the Effects of College Type on Earnings
In Brief
Motivation
Background
Evidence
Estimating the Payoff to Attending A More Selective College: An Application of Selection on Observables And un-observables, (1999)
In Brief
Motivation
Background
Evidence
How Robust is the Evidence on the Effects of College Quality? Evidence from Matching
In Brief
Motivation
Background
Evidence
Determinants of undergraduate GPAs: SAT scores, high-school GPA and high-school rank. (2004)
In Brief
Motivation
Background
Evidence
Discussion
What Matters...
College Considerations

From the Paper:

"As the study by Cohn, Cohn, Balch and Bradley (2004, 578) was limited to 521 students attending Principles of Economics at Moore School of Business, University of South Carolina, Columbia, SC, the researchers contend it to be inappropriate to generalize their results to the entire student body at their school and/or beyond. The authors propose, one of their most convincing arguments, nevertheless, that as students must complete a course in Principles of Economics, this study serves to provide a fair representation of that group and that ensuing results prove significant in considering the effect of scholarship criteria."

Sample of Sources Used:

• Black, Dan A. and Smith, Jeffrey June. 2003. "How Robust is the Evidence on the Effects of College Quality? Evidence from Matching?" http://www.ssc.uwo.ca/economics/centres/cibc/.
• Brewer, Dominic J., Eide, Eric R., and Ehrenberg, Ronald G. Does It Pay to Attend an Elite Private College? Cross-Cohort Evidence on the Effects of College Type on Earnings The Journal of Human Resources, Vol. 34, No. 1. (Winter, 1999), pp. 104-123. http://links.jstor.org/sici?sici=0022166X%28199924%2934%3A1%3C104%3ADIPTA %3E2.0.\O%3B2-F.
• Cohn, Elchanan, Cohn, Sharon, Balch, Donald C., and Bradley, James Jr. 2004. Determinants of undergraduate GPAs: SAT scores, high-school GPA and high-school rank. Department of Economics, Moore School of Business, University of South Carolina, Columbia SC.
• Dale, Stacy Berg and Krueger, Alan B. (1999). Estimating the Payoff to Attending A More Selective College: An Application of Selection on Observables and un-observables.
• Hersh, Richard H. 2005. What Does College Teach? It's Time to Put an End to "Faith-Based" Acceptance of Higher Education's Quality. The Atlantic Monthly, November, 140+. http://www.questia.com/PM.qst?a=o&d=5011972098.

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