Friday, June 11, 2010

Things Everyone Should Know

The Center for College Affordability and Productivity does some good research and better lobbying. They created the Forbes college ranking, which I think they far superior to the U.S. News and World Report one.

But why do they insist on arguing college education isn't worth it?

Going to college is still worth it. The article buries the lede, which is that those who go to college are half as likely to be unemployed and make (for females) 75% more money. (And those aren't artifacts of selection bias, as numerous instrumental variables studies have found.)

There should be a basic requirement for education bloggers, pundits, and researchers to be familiar with the fact that--despite the rising costs, despite the diminishing rate of return, despite that education may just have signaling effect, and despite the fact that some people are too dumb for it--college education pays off.

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