Empirical moments and model fit: influence of previous candidates (a) Admission: role of similarity and (b) Hiring: role of similarity Notes: The figure documents the model fit for the estimates reported in Supplementary Appendix Table H.1. In (a) and (b), the empirical moments describe the effect of following a high-quality candidate, depending on similarity in time and observable characteristics. “rel.sim.” describes relative similarity in terms of observable characteristics (index including gender, study field, migration status, first generation status). “High/medium/low rel.sim.” = the candidate in $t−1$ is more/equally/less similar to the candidate in t than the candidate in $t−2$⁠. The fit with additional moments is illustrated in Supplementary Appendix Figure H.1