Who Receives the College Wage Premium?
利用1979年全国青年纵向调查数据，按学位、大学类型和转学状态细分大学毕业生，发现详细分类能更好解释工资差异，转学生通过获得学位或增加技能投资间接或直接获得工资收益。
Using data from the 1979 National Longitudinal Survey of Youth, we estimate wage models in which college-educated workers are classified according to their degree attainment, college type, and college transfer status. The detailed taxonomy produces modest improvements in explanatory power relative to standard specifications, and reveals considerable heterogeneity in the predicted wages of college-educated workers. We find that transfer students receive an “indirect” wage benefit insofar as changing colleges allows them to earn a degree. Some transfer students receive an additional “direct” wage benefit, presumably because switching schools increases their skill investment opportunities.