> By comparing two groups of waitlisted students — those who are admitted to Ivy-Plus universities and those who are rejected — they note that the successful are much more likely to reach the top 1% of the income distribution, attend an elite graduate school and work for a prestigious firm[...] One in six students at Ivy League schools has parents in the top 1% of the income distribution. This is not just because the children of the rich are more likely to apply to elite colleges. Nor is it because the children of the rich have higher academic scores than middle class applicants: Children from the top 1% of the income distribution (more than $611,000) are 55% more likely to secure admission than a typical middle-class applicant with the same SAT or ACT scores, and children from the top 0.1 percent are more than twice as likely to get in. It is because elite colleges deliberately discriminate in favor of the rich.
Neither chickens nor eggs need be harmed to see that this prima facie has something wrong with it.
1. <https://opportunityinsights.org/wp-content/uploads/2023/07/C...>
Yes, going to these universities probably makes some difference, but it probably doesn't explain all the difference, so if you take poor but talented kids and have them go to these universities, I expect the salary difference is much smaller.
Sure, we can debate the exact earnings multiplier endlessly but it still stands that attending an Ivy League institution is better than not attending one. And attendance of those institutions is artificially gated.
https://www.washingtonpost.com/news/wonk/wp/2015/09/14/this-...
Do feel like there’s a chicken and egg problem here, e.g. legacy admissions are more likely to land a plum job at their family’s business/through family connections so there isn’t a guarantee that those higher earnings are solely because of Ivy League attendance. But the pattern is there.