Why is an elite undergraduate education valuable?
Subtitle: evidence from Israel
By: Kevin Lang, Erez Siniver
Contributors: Siniver, Erez; National Bureau of Economic Research
Series: NBER working paper series -- working paper 16730; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 16730.
Publisher: National Bureau of Economic Research
Published: 2011
Place of publication: Cambridge, MA
Language: eng
Format: [electronic resource]
Description: "In this paper we compare the labor market performance of Israeli students who graduated from one of the leading universities, Hebrew University (HU), with those who graduated from a professional undergraduate college, College of Management Academic Studies (COMAS).  Our results support a model in which employers have good information about the quality of HU graduates and pay them according to their ability, but in which the market has relatively little information about COMAS graduates.  Hence, high-skill COMAS graduates are initially treated as if they were the average COMAS graduate, who is weaker than a HU graduate, consequently earning less than UH graduates.  However, over time the market differentiates among them so that after several years of experience, COMAS and HU graduates with similar entry scores have similar earnings.  Our results are therefore consistent with the view that employers use education information to screen workers but that the market acquires information fairly rapidly"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 4/28/2011.

Includes bibliographical references.

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