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![handle is hein.amenin/aeiadbf0001 and id is 1 raw text is:
Key Points
. mr- 1 aft 4t:u:3: comePon vat g r-dtut 1rd or -ra r n aore presio-us o:,JIee s
to Nh&3-00e ea!rg.he data g.]eat that ra:_tve de seres a close& ook.
. Fo y-ars forrrd ec:l2ege: graduates friom esNs eie<:Live
feor--year V ,,stitions app_,ear broadly sbrniiar to i'ose fcr ,radiates fro. on se etive
to !ecreas niore aid'y tra. did tros ro re e ect.ive 1 odi:eges betwee r 193 and
2008
There is a widespread prest uaption Kit rte!ding
c fore p estigious college cads to higher carings,
While we inot!v that there i a bg narn igs p'erneni
to: conplnting a corlege degree for ns, he rela-
t ionship betwee. earnings Id the selectivity of t.N
irls,1tution is studied less otcn'' Mant share the
irap 'cssiofl tat te benefis of graduatng eo'a a
no re seleetite istrution are matenrial and .ave
onl', rOW o5er time. But is that aetuaily t
i turn5s out that the ?eLtn of the degree-
grating rnstiutio, may hrave less inapact on early
relative career earnings than manay suspefct if
course, wc can expect individual earnings to reflect
difftcrIccs in h f1cto s, sivo.uch as i:nt-tio..
t'pc, field of astud, and regional labor narkets.
''en l 0yhit at selectivit-y a isoatonI, I?,owcvcr,
median sanarites fir gradiates Lour years after degree
oitOioE' ',3, ape,,U- suirprisingly si lar across the
selectiovdy sperum Even more teJling, it appear,,,
t the pei.r g' g hunt a selecr,
ll..titu iioCnt have actaliv, ,,'L'!W0 11 Cl , n.ateria
over time. eut'thet exploration -is needel to validartc
these obse-vaions, as there is great varabili in the
data exani ...ed here -----esfecai :. I)open adn,lssion.
and nirnally selective schools,
Whit e earl career anilni LIa o t ecl'es 53 rlI'ly
reflect long-tc1rmi- benefits 1 .ae.'eo by retal.lol.:sh p
inetwor aId social e a], the iS Department of
Edtication's Cole.ge Scorecard gfvcs aoilent 'ten1-
t11 LO IhI .O rO nii stuLdeltIs earn in their first year
after graduation (weria this i nalysi5s extends
that period to four years after gri'aduation)o That
standard siggcsts just how micat foCus i pl3 ced
on early career eaviings, And, b,1, that reasure, the
itsportanee 'f the iltteis cl'eravie-y .c_*r a
graduate's onancial prospects may turn out to be
quite Iod~est°
It is wx,,e-h recognized hAn most studens who
cor plcte a degrce car inL 1)7] tigl'er s;ida-r'es
than do prs cswho do ot conplIte coilege,: In Ith
eariiyears of their career, bachelor's dog-ee--holders
gradllating in 2ol elrjoed a i5.noo premILui.n over](ViewImageLocal?handle=hein.amenin/aeiadbf0001&div=1&collection=&method=preview&ext=.png&size=3)