This paper provides evidence that graduates of elite public institutions in India have an earnings advantage in the labor market even though attending these colleges has no discernible effect on academic outcomes. Admission to the elite public colleges is based on the scores obtained in the Senior Secondary School Examinations. I exploit this feature in a regression discontinuity design. Using administrative data on admission and college test scores and an in-depth survey, I find that the salaries of elite public college graduates are higher at the admission cutoff although the exit test scores are no different.

中文翻译：

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声望问题：精英大学的工资溢价和增值

本文提供的证据表明，印度精英公共机构的毕业生在劳动力市场上具有收入优势，即使就读这些大学对学术成果没有明显影响。精英公立大学的录取是基于高中考试的分数。我在回归不连续性设计中利用了这个特性。使用入学和大学考试成绩的行政数据和深入调查，我发现精英公立大学毕业生的工资在入学截止时更高，尽管毕业考试成绩没有什么不同。