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The Effects of The Effects of CollegeCollege
Intergenerational mobilityIntergenerational mobility
Schooling and Schooling and Wages/occupationWages/occupation
Selective collegesSelective colleges
Social MobilitySocial Mobility Degree to which our position in society changesDegree to which our position in society changes Intra-generationalIntra-generational
Changes within our lifespanChanges within our lifespan Inter-generationalInter-generational
Changes between generationsChanges between generations
The Structure of The Structure of StratificationStratification
Can begin to learn something about Can begin to learn something about the structure of stratification by the structure of stratification by looking at looking at patterns of patterns of intergenerationalintergenerational mobility mobility
How much of one’s position is How much of one’s position is passed on to one’s children?passed on to one’s children?
Types of Types of intergenerational intergenerational
mobilitymobility InheritanceInheritance – generates class-based – generates class-based
groupsgroups StructuralStructural – driven by changes in – driven by changes in
economic structureeconomic structure ExchangeExchange – mobility based on – mobility based on
individual achievementindividual achievement
Structure of Structural Structure of Structural MobilityMobility
MoreMore jobs in jobs in some some sectorssectors
FewerFewer jobs in jobs in other other sectorssectors
parents children
What drives mobility in the What drives mobility in the US?US?
A mixture of structural and exchange A mixture of structural and exchange mobilitymobility
Family background (inheritance) Family background (inheritance) operates through its influence on operates through its influence on educational attainmenteducational attainment
These patterns are clearly revealed in These patterns are clearly revealed in the association between school the association between school attainment and wages (income)attainment and wages (income)
So, college ‘pays off.’So, college ‘pays off.’
But is it “worth it” to attend a highly But is it “worth it” to attend a highly selective college (e.g., Ivy League, selective college (e.g., Ivy League, Stanford, Williams)?Stanford, Williams)?
0
5,000
10,000
15,000
20,000
25,000
30,000
Stanford UW
Applicants
Admitted
Enrolled
10%
68%
What does it mean to be What does it mean to be selective?selective?
Price of AdmissionPrice of Admission
Cost of attending Harvard 2007-2008Cost of attending Harvard 2007-2008Billed costs = $45,000Billed costs = $45,000
Total costs approximately $ 48-50,000Total costs approximately $ 48-50,000
Cost of UW 2007-2008Cost of UW 2007-2008Billed costs = $18,000Billed costs = $18,000total costs approximately $ 22,000total costs approximately $ 22,000
Well-known FactWell-known Fact
Students who graduate from Students who graduate from selective colleges earn moreselective colleges earn more
each 100 point increase in each 100 point increase in average SAT of a school results in 3-average SAT of a school results in 3-7% higher earnings later in life7% higher earnings later in life
Why?Why?
Dale and Krueger 2002Dale and Krueger 2002 Careful study of the income ‘returns’ to Careful study of the income ‘returns’ to
selective collegesselective colleges ““Natural Experiment”: Natural Experiment”:
compared students who were admitted to selective compared students who were admitted to selective schools, but chose to go elsewhere with earnings of schools, but chose to go elsewhere with earnings of students who enrolled in selective schoolsstudents who enrolled in selective schools
FindingsFindings1.1. Students who attend selective colleges earn moreStudents who attend selective colleges earn more2.2. But, among students who were admitted to But, among students who were admitted to
selective colleges and chose to go elsewhere, no selective colleges and chose to go elsewhere, no difference in wagesdifference in wages
3.3. Except for students from disadvantaged Except for students from disadvantaged backgrounds, who earned more when they went backgrounds, who earned more when they went to selective schools.to selective schools.