Arcidiacono, Peter; Bayer, Patrick; Hizmo, Aurel - In: American Economic Journal: Applied Economics 2 (2010) 4, pp. 76-104
We provide evidence that college graduation plays a direct role in revealing ability to the labor market. Using the NLSY79, our results suggest that ability is observed nearly perfectly for college graduates, but is revealed to the labor market more gradually for high school graduates....