Table 4.

Group Estimates of High School Peer Group on First-Semester College GPA and Two-year Persistence: High School Fixed Effects

Fixed Effects?	First-Semester GPA			Two-year Persistence
	White Year/School (1)	Black Year/School (2)	Hispanic Year/School (3)	White Year/School (4)	Black Year/School (5)	Hispanic Year/School (6)
Male	−0.128*** (0.008)	−0.065* (0.039)	−0.103*** (0.017)	−0.011*** (0.004)	−0.008 (0.016)	−0.016** (0.007)
Maternal education	0.032*** (0.004)	0.024 (0.020)	0.001 (0.007)	0.011*** (0.002)	−0.000 (0.007)	0.001 (0.003)
Missing maternal education	−0.193*** (0.015)	−0.307*** (0.068)	−0.214*** (0.034)	−0.158*** (0.008)	−0.195*** (0.023)	−0.169*** (0.016)
SAT/ACT score	0.024*** (0.001)	0.017*** (0.002)	0.024*** (0.001)	0.004*** (0.000)	0.004*** (0.001)	0.004*** (0.001)
High school class rank	0.001*** (0.000)	0.001*** (0.000)	0.001*** (0.000)	−0.007*** (0.002)	−0.025*** (0.006)	0.008** (0.003)
Top 10 percent	0.230*** (0.012)	0.258*** (0.053)	0.217*** (0.028)	0.032*** (0.006)	0.047** (0.022)	0.035*** (0.013)
Number of high school classmates	0.001** (0.001)	0.003 (0.002)	0.002 (0.001)	0.0002 (0.000)	−0.0002 (0.001)	0.0008* (0.000)
Constant	−0.601*** (0.073)	0.046 (0.203)	−0.551*** (0.122)	0.678*** (0.032)	0.872*** (0.084)	0.433*** (0.055)
Observations	42002	2622	10262	42002	2622	10262
Number of high schools	1096	477	755	1096	477	755
R 2	0.32	0.26	0.22	0.35	0.41	0.33

Note: Standard errors clustered at the high school level.

^***1%,

^**5%, and

^*10%.

Source: University of Texas at Austin administrative data.