Very interesting, Bostonian, Thanks for sharing.
The results are quite different for women: we find effects on both career and family outcomes. Attending a school with a 100-point higher average SAT score increases women's probability of advanced degree attainment by 5 percentage points and earnings by 14 percent, while reducing their likelihood of marriage by 4 percentage points. The effect of college selectivity on own earnings is significantly larger for married than for single women. Among married women, selective college attendance significantly increases spousal education.
... may be addressed, in part, by the following...
At least on the surface, there did seem to be a significant difference in wages for women who attended elite schools. The women’s earnings increased 14 percent. The researchers, however, explained that this boost was almost entirely achieved not by higher per-hour wages but by the women staying in the workforce longer. These women delayed marriage and childbirth longer than women who attended less-selective schools.
Having looked at whether graduates of prestigious colleges earn more, some may be curious to consider whether these individuals build wealth with their earnings... or spend it on a lifestyle which some may call lavish consumerism. I believe this choice in planning and behavior is what Chris Hogan's research addresses.
When thinking of planning and following through (in this case, financial planning and budgeting), executive function comes to mind. Also the
marshmallow test.
(Important note: belief that the promised delayed rewards would actually be delivered is important , as shared elsewhere on the forums, Nov 2014)
