Previous research has generally shown a very small although
statistically significant economic benefit from attending
high-quality colleges. This small effect was at odds with what
students' college choice and various social theories would seem to
suggest. This study sought to reconcile the empirical evidence and
theories. The effort was in two directions. First, the economic
effect of college quality was expanded from examining only the
economic benefit to considering other student outcomes including
job satisfaction and graduate degree accomplishment. A new
perspective regarding the social role of college quality was
offered in conclusion.
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