attend based in part on the expected economic return and net costs. In this paper we explicitly model high school students … estimate selectivity corrected outcome equations, using data from both the National Longitudinal Study of the High School Class … of 1972 and High School and Beyond, which permit us to determine the effects of college quality on wages and earnings and …

school) rather than to other characteristics that are correlated with student quality (immigrant status, parental income …'s earnings or school hiring policies. …

-added school from among the set of feasible schools, then this reallocation of students would increase academic achievement …