This paper explores the implications of measuring college productivity in two different dimensions: earning and learning. We compute system-wide measures using administrative data from the country of Colombia that link social security records to students' performance on a national college...

Spence (1973) noted that individuals' choice of educational quantity--measured by years of schooling--may stem partially from a desire to signal their ability to the labor market. This paper asks if individuals' choice of educational quality--measured by college reputation--may likewise signal...