The lawsuit Students For Fair Admissions v. Harvard University provided an unprecedented look at how an elite school …-ALDCs. Removing preferences for athletes and legacies would significantly alter the racial distribution of admitted students, with the …

The choice of a college major plays a critical role in determining the future earnings of college graduates. Students … survey students about what their expected earnings would be both in the major they have chosen and in counterfactual majors …. We also elicit students' subjective assessments of their abilities in chosen and counterfactual majors. We estimate a …