The college choice process can be reduced to three questions:1) Where does a student apply?2) Which schools accept the students?3) Which offer of admission does the student accept?This paper addresses question three. Specifically, we offer an econometric analysis of the matriculation decisions...

This paper shows that although the top ten percent of colleges are substantially more selective now than they were 5 decades ago, most colleges are not more selective. Moreover, at least 50 percent of colleges are substantially less selective now than they were then. This paper demonstrates that...