Table 4.

Proportion of Cohort Variable Variation Explained by School and Grade Fixed Effects

Variation in Classmate-Level Variables
	R-Squared
% College	0.85
% College Encouragement	0.78
% Black	0.98
% Hispanic	0.99
% Other Race	0.96
% Married	0.80
Family Income	0.87
Mean Mom Education	0.90

Note: The table displays the adjusted R-squared from a regression predicting the grade-level variables

Each row represents a separate regression

Controls: school and grade fixed effects