Michelman, Valerie; Price, Joseph; Zimmerman, Seth D. - National Bureau of Economic Research - 2021
of the era's elite. The membership premium persists after conditioning on high school, legacy status, and even family … effects are driven entirely by large gains for private school students. In the long run, a shift from the 25th percentile of … residential peer group status to the 75th percentile raises the rate at which private school students work in finance by 41% and …