Using data on the universe of students who graduated from U.S. medical schools between 1996 and 1998, we examine … are stronger for blacks, that peer groups are formed along racial lines, or that students with relatively low ability … benefit more from their peers than students with relatively high ability. However, we do find some evidence that peer groups …

Using data on the universe of students who graduated from U.S. medical schools between 1996 and 1998, we examine … are stronger for blacks, that peer groups are formed along racial lines, or that students with relatively low ability … benefit more from their peers than students with relatively high ability. However, we do find some evidence that peer groups …

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 …

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 …

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 …

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 …

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 …