and Krueger (2002) that examined the relationship between the college that students attended in 1976 and the earnings they … estimate the return to various measures of college selectivity for a more recent cohort of students: those who entered college … in 1989. We also estimate the return to college selectivity for the 1976 cohort of students, but over a longer time …

licensing is associated with about 18 percent higher wages, but the effect of governmental certification on pay is much smaller … little association between licensing and the variance of wages, in contrast to unions. Overall, our results show that …