... move up two tiers would pay off in life-time earnings. Results showed if a student were to choose an expensive Rank 1 college (such as Dartmouth) over a good and much less expensive public college in Rank 3 (UVA), the student would recover the tuition difference six-fold over the course of a career. All the economists note a good student will rise to the top no matter where he goes. But Hoxby thinks that they do even better if they go to a top school. In contrast to Hoxby (1998) the article "Is Harvard Worth It?" (Kahn 2000) states that economist are not so sure. Kahn (2000) points out the economic literature on the payoff of graduating from an elite college as opposed to any college is far less conclusive. Kruegger and Dale (2000) provide a direct challenge to Hoxby's study. They found no economic advantage in attending a selective ...

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