Does it matter?
The rankings, it turned out, mattered a great deal. The more elite a school, the better its alums’ paychecks. The effect also increased over time.
Among students who had graduated high school in 1980, those who had gone on to a top private university eventually made 20 per cent more than their counterparts from bottom tier public school.
For the class of 1972, the wage boost was just 9 per cent.
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