April 2017

IZA DP No. 10701: Cognitive, Socioemotional and Behavioral Returns to College Quality

published as 'Effects of Peers and Rank on Cognition, Preferences, and Personality' in: Review of Economics and Statistics, 2022, 104 (3), 587 - 601

We exploit the variation in the admissions cutoffs across colleges of a leading Indian university in a regression discontinuity framework to estimate the causal effects of enrolling in a selective college on: cognitive attainment, behavioral preferences, and Big Five personality. We find that enrolling in a selective college improves only females' exam scores. Further, marginally admitted females in selective colleges become less overconfident and less risk averse while males in selective colleges experience a decline in extraversion and conscientiousness. Higher attendance rates among females explain the gender differences in returns to better college and peer environment.