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Worker Signals Among New College Graduates: The Role Of Selectivity And Gpa, Brad J. Hershbein
Worker Signals Among New College Graduates: The Role Of Selectivity And Gpa, Brad J. Hershbein
Brad J. Hershbein
Recent studies have found a large earnings premium to attending a more selective college, but the mechanisms underlying this premium have received little attention and remain unclear. In order to shed light on this question, I develop a multidimensional signaling model relying on college grades and selectivity that rationalizes students’ choices of effort and firms’ wage-setting behavior. The model is then used to produce predictions of how the interaction of the signals should be related to wages, namely that the return on college GPA should fall the more selective the institution attended. Using five data sets that span the early …
A Second Look At Enrollment Changes After The Kalamazoo Promise, Brad Hershbein
A Second Look At Enrollment Changes After The Kalamazoo Promise, Brad Hershbein
Brad J. Hershbein
While previous research has documented how the Kalamazoo Promise, the most prominent and generous place-based college scholarship program, increased enrollment in Kalamazoo Public Schools, this paper qualifies and quantifies the characteristics of students who were induced to enter—or stay—in the district. In particular, it analyzes the origins and destinations, socioeconomic composition, and school-level sorting behavior associated with student flows around the time of the Promise announcement. These dimensions are more subtle than changes in the volume of students or measures of their individual success, but they are equally important to understand for communities exploring the feasibility of place-based scholarships as …