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Money isn't everything: linking college choice to winning prizes and professorships

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  • Charles Moul
  • John Nye

Abstract

We expand upon the literature that considers how characteristics of undergraduate schools affect nonincome outcomes by considering Nobel Prize winners and full professors at top 25 universities. We introduce National Merit Scholars (NMS) as a percentage of 1960-1961 class as a time-appropriate measure of student quality and show how this measure largely matches up with prior expectations and observed outcomes. We conclude with the discussion of the convex relation between NMS and these professional outcomes.

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  • Charles Moul & John Nye, 2011. "Money isn't everything: linking college choice to winning prizes and professorships," Applied Economics Letters, Taylor & Francis Journals, vol. 18(11), pages 1091-1098.
    • Handle: RePEc:taf:apeclt:v:18:y:2011:i:11:p:1091-1098
    DOI: 10.1080/13504851.2010.524611
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    References listed on IDEAS

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    1. Behrman, Jere R & Rosenzweig, Mark R & Taubman, Paul, 1996. "College Choice and Wages: Estimates Using Data on Female Twins," The Review of Economics and Statistics, MIT Press, vol. 78(4), pages 672-685, November.
    2. Stacy Berg Dale & Alan B. Krueger, 2002. "Estimating the Payoff to Attending a More Selective College: An Application of Selection on Observables and Unobservables," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 117(4), pages 1491-1527.
    3. Lena Lindahl & Håkan Regnér, 2005. "College Choice and Subsequent Earnings: Results Using Swedish Sibling Data," Scandinavian Journal of Economics, Wiley Blackwell, vol. 107(3), pages 437-457, September.
    4. Dominic J. Brewer & Eric R. Eide & Ronald G. Ehrenberg, 1999. "Does It Pay to Attend an Elite Private College? Cross-Cohort Evidence on the Effects of College Type on Earnings," Journal of Human Resources, University of Wisconsin Press, vol. 34(1), pages 104-123.
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