The payoff to school selectivity: An application of Dale and Krueger’s method to MBA programs

Many studies find a notable return to college quality. Dale and Krueger, 2002, Dale and Krueger, 2011 only do until they address selection bias concerns by proxying for ambition and by matching students with similar admission outcomes but different matriculation decisions. Although we employ similar methodologies to Dale and Krueger, we find substantial returns to MBA program...