Joshua Goodman, Michael Hurwitz, Christine Mulhern, Jonathan Smith

NBER Working Paper No. 26502
Issued in November 2019

---- Acknowledgments ----

We are grateful to the College Board for sharing its data for this project. For helpful feedback, we thank seminar and conference participants at the University of Chicago, Harvard, UVA, Brandeis, Michigan State, APPAM and AEFP. Melanie Rucinski provided excellent research assistance. Christine Mulhern was supported, in part, by the Institute of Education Sciences, U.S. Department of Education, through grant R305B150010 for the Partnering in Education Research Fellowship in collaboration with the Center for Education Policy Research at Harvard University. The opinions expressed are those of the authors and do not represent the views of the Institute or the U.S. Department of Education. All errors are due to our siblings. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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