The perils of not keeping up with the literature!! thank you -- did not know about this work. I also agree with all the complex effects of class sizes such as changes in admissions that you outline. I dont think much of the literature considers these channels anyway, but IMO they are likely to be important.
The perils of not keeping up with the literature!! thank you -- did not know about this work. I also agree with all the complex effects of class sizes such as changes in admissions that you outline. I dont think much of the literature considers these channels anyway, but IMO they are likely to be important.
neat article!! my favorite data on the subject comes from this cool paper:
https://academic.oup.com/qje/article-abstract/114/2/533/1844228
Hi Abhishek, the same authors wrote a follow-up paper nearly twenty years later which comes to very different conclusions:
https://economics.mit.edu/sites/default/files/publications/maimonides_redux.pdf
It's one of the reasons why I waved my hands a bit instead of quantifying the effect