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. Author manuscript; available in PMC: 2011 Mar 1.
Published in final edited form as: J Econ Perspect. 2009 FALL;23(4):119–146. doi: 10.1257/jep.23.4.119

Table 2.

Percentage Accepted by Sector and Institution Ranking

Private institutions
Public institutions
“Top 20
private”
Top 21–50
universities
Top 21–48
liberal arts
Other
private
4-year
Top 20
universities
Top 21–47
universities
Other
public
4-year
1986 38.58 62.46 59.75 78.13 63.15 75.59 73.75
1991 38.39 67.39 57.95 76.82 56.78 73.47 68.49
1996 37.55 62.41 61.85 78.73 58.98 76.53 72.96
2001 31.49 51.30 52.68 77.41 50.55 71.92 71.85
2002 30.72 49.51 51.26 75.58 48.81 71.23 71.07
2003 29.85 52.35 47.88 74.35 47.72 70.56 69.19
Percentage
 change
−22.63% −16.19% −19.87% −4.84% −24.43% −6.65% −6.18%
# of schools 38 26 28 419 17 21 208

Source: American Survey of Colleges, College Board, 1986–87 to 2003–04.

Notes: The “Top 20 private” category includes the top 20 private universities and top 20 liberal arts colleges. To be included in the sample, institutions must have had at least 16 of the 18 possible years of data.