In their 2004 paper “The Role of Advanced Placement and Honors Courses in College Admissions,” Saul Geiser and Veronica Santelices of the University of California, Berkeley, address the use of Advanced Placement Program® (AP®) and honors courses as a criterion for admission at the University of California system and suggest that the policy for awarding bonus points to such courses “has little, ...

This paper documents a dramatic increase in the college enrollment rate of women from 1955 to 1980 and asks a quantitative question: to what extent can such increase be accounted for by the change in the female cohort-specific college wage premium? I develop and calibrate an overlapping generations model with discrete schooling choice. I find that changes in the life-cycle earnings differential...