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universal random assignment of students to high schools in certain areas of South Korea to provide estimates of school effects … that may better reflect the effects of school practices. We find significant effects of schools on scores in high …-stakes college entrance exams: a 1 standard deviation increase in school quality leads to 0.06-0.08 standard deviations higher …
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Differences in college and post-graduate degree attainment alone explain less than half of Black-White and Hispanic-White wealth gaps in a standard wealth regression. Differences in family structure and measures of luck such as income windfalls and inheritances explain even less. Measures of...
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