Reply to Ivy outcomes are often just, well, average

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[quote=Anonymous]I did not read all the responses, but when studies have been done looking at students who did and did not get into Ivy+ schools off the wait list, it shows that on average those who do get in have higher earnings but that is really driven by a larger share at the top extreme of income (but that top extreme is still relatively rare). so some people experience a big benefit and most people don't.

https://forklightning.substack.com/p/the-lottery-for-high-paying-jobs
Think of it like winning the lottery. Suppose I told you and 9 of your closest friends that one of your group of 10 was going to win a prize - let’s say $1 million. But I don’t divide the tickets evenly. Since you attended an Ivy-Plus college, you get 2 tickets. Friends who attended a selective public university get one ticket, and those who didn’t go to college get none. Your odds are double anyone else’s, but you still probably won’t win. I increased your expected earnings. Going to an Ivy-Plus college gives you more chances to hit the jackpot. But among non-jackpot winners, things look pretty similar regardless of where you went to college.[/quote]

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