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Using a newly available data set, which allows one to construct a novel measure of a student’s social status, we demonstrate that there are potentially important racial differences in the relationship between social status and academic achievement. The effect is intensified among students with a...

The prominent role of affirmative action in college admissions, particularly for so-called “elite institutions” with restrictive admissions requirements, is once again being litigated at the federal level. Last month, the US Court of Appeals for the First Circuit upheld the Massachusetts...

For more than three decades, critics and supporters of affirmative action have fought for the moral high ground through ballot initiatives and lawsuits, in state legislatures, and in varied courts of public opinion. The goal of this paper is to show the clarifying power of economic reasoning to...