Determinants of College Completion: School Quality or Student Ability?
研究学生能力与大学质量的匹配是否影响毕业率，发现各能力水平的学生在匹配其技能水平的大学中毕业概率更高。
We investigate whether the match between student ability and college quality is an important determinant of college graduation rates. We jointly estimate a multinomial probit model of college attendance decisions in which the alternatives are no college and attendance at college in four quality categories, and a binomial probit model of subsequent graduation decisions. By allowing the error terms to be correlated across alternatives and time periods, we identify the effects of observed factors net of their correlation with unobservables. We find that students of all ability levels have higher chances of graduating if the quality level of their college matches their observed skill level.