> Since grades can't get any higher than an A, doesn't
> grade inflation merely squeeze out information
> regarding graduates as the grade scale gets compressed
> at the high end?  Additionally, since it is unlikely
> -jsh

I'll look this up on ERIC (the education research data base) to
see if what's been done. But remember that grades aren't *that*
valuable as signals on the labor market because college graduates
have at least two other fairly strong signals: majors and
what college they got into. 

Fabio


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