Students who attend different colleges in the U.S. end up with vastly different economic outcomes. We study the role of … outcomes of students who apply to and are admitted by the same set of institutions, as this approach strikingly balances …

particular, we use data on individual students' grades, SAT scores, and the SAT scores of their roommates at three schools to … three schools used, students in the middle of the SAT distribution do somewhat worse in terms of grades if they share a room … with a student who is in the bottom 15 percent of the SAT distribution. Students in the top of the SAT distribution appear …

outcomes, knowledge of the causal effect of the most fundamental input in the education production function - students' study …

's inference process declines as performance observations accumulate, the estimated effect of schooling on the level of wages is … are increasingly correlated with wages as experience increases; wage residuals are a martingale; and wage cuts -are not …