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06/05/2011

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Paul Smith

Merci beaucoup pour votre article.

Swami Prakashanand Saraswati

The major one would be a reduction in alumni giving, and no one even knows how much of a reduction there would be.

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"legacy admissions may actually reduce inequality, because the abler person pushed down to a lower-tier school may have lower lifetime earnings as a result, and if as is likely he is upper middle class, the reduction in his lifetime earnings will reduce inequality."

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Isn't that unfair? I mean of course the colleges should be thankful to the alumni but they don't have to be impartial towards other students.

A way to do this would be to let children of alumni let in without any entrance. But giving them preference doesn't seem appropriate to me.

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It is further argued that they blunt the children’s ambition. But there are counterarguments, which cumulatively are compelling: heavy taxation of gifts and bequests increases consumption at the expense of investment; reduces parents’ utility and their incentive to work hard; weakens family bonds; and reduces constructive risk taking by young people by reducing the number of young people who have financial security. Abandoning legacy admissions would have much smaller effects.

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