Despite the Great Recession and looming "student loan debt crisis", college education remains the most proven, invaluable lifetime investment and serves as the most reliable path to upward mobility and socioeconomic class reassignment. Mfume suggests that "the value added" of even one year of college can be transformative. As…

Students who attend different colleges in the U.S. end up with vastly different economic outcomes. We study the role of relative value-added across colleges within student choice sets in producing these outcome disparities. Linking high school, college, and earnings registries spanning the state of Texas, we identify relative college value-added…