Top of the Class: The Importance of Ordinal Rank
---- Acknowledgments ----
We thank Esteban Aucejo, Thomas Breda, David Card, Andrew Clark, Jeff Denning, Susan Dynarski, Ben Faber, Mike Geruso Eric Hanushek, Brian Jacob, Pat Kline, Steve Machin, Magne Mogstad, Imran Rasul, Jesse Rothstein, Olmo Silva, Kenneth Wolpin, Gill Wyness, and participants of the CEP Labour Market Workshop, UC Berkeley Labour Seminar, the Sussex University, Queen Mary University and Royal Holloway-University departmental seminars, the CMPO seminar group, the RES Annual Conference panel, IWAEE, the Trondheim Educational Governance Conference, the SOLE conference, CEP Annual Conference, the UCL PhD Seminar, the BeNA Berlin Seminar, IFS seminar and the CEE Education Group for valuable feedback and comments. Earlier working paper versions of this article are Murphy and Weinhardt (2013) and Murphy and Weinhardt (2014). Weinhardt gratefully acknowledges ESRC seed funding (ES/J003867/1) as well as support by German Science foundation through CRC TRR 190. All remaining errors are our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.