Harvard selects students with higher expected earnings.
Given the statistics, that’s almost a tautology.
Harvard selects students from families who are already wealthy (more than other top schools: the wealthy alumni are not self-made). Students who aspire to make a lot of money choose Harvard (over other top schools). Going to Harvard increases students’ earning power (more than other top schools), for example, through better networking opportunities.
All these things may work together: rich kids who value money a lot go to Harvard, which gladly accepts them, in order to network with other greedy rich kids.
What we need to do is convince Harvard to perform a double-blind test. Accept half their students as normal, and the other half at random from their applicants. We’ll have an answer within a couple decades.
Given the statistics, that’s almost a tautology.
All these things may work together: rich kids who value money a lot go to Harvard, which gladly accepts them, in order to network with other greedy rich kids.
What we need to do is convince Harvard to perform a double-blind test. Accept half their students as normal, and the other half at random from their applicants. We’ll have an answer within a couple decades.