Prestige Matters: Wage Premium and Value Addition in Elite Colleges
利用印度精英公立大学的录取断点回归设计，发现毕业生在劳动力市场有工资优势，但学业成绩无差异，说明学校声望而非教育质量带来溢价。
This paper provides evidence that graduates of elite public institutions in India have an earnings advantage in the labor market even though attending these colleges has no discernible effect on academic outcomes. Admission to the elite public colleges is based on the scores obtained in the Senior Secondary School Examinations. I exploit this feature in a regression discontinuity design. Using administrative data on admission and college test scores and an in-depth survey, I find that the salaries of elite public college graduates are higher at the admission cutoff although the exit test scores are no different.