Re: Return to Education and IV

2002-10-28 Thread Bryan Caplan
A belated reply to Bill. William Dickens wrote: Note its the _parents_ in your story who are groaning, not the kids. OK, I'll admit that the no idea was based on what I know it was like when I was going to college in the 70s. However, it is still my impression after 13 years of teaching

Re: Return to Education and IV

2002-10-28 Thread Bryan Caplan
Eric Crampton wrote: On Fri, 25 Oct 2002, William Dickens wrote: continue schooling largely under weights the future benefits. Nearly everyone should get more schooling than they do. This is only one of I see Bill already answered my question. Blunt reaction: Come on! If you really

Fw: America's Second Plutocratic Gilded Age Pt. 1

2002-10-28 Thread Alypius Skinner
Krugman tries so hard to make his case that he ignores some other factors (perhaps even more controversial) that contribute to some of the new social developments that Krugman describes. Unfortunately, I don't have time to comment on them, but they would not in any eventcancel out the

Re: Return to Education and IV

2002-10-28 Thread William Dickens
If the decision is literally a no-brainer, then failing to consider alternatives is rational. ??!!! Not if they make the wrong choice! OK, I suppose you are going to argue that all the people who didn't have a clue what the return to continuing their education was are the ones for whom it was

RE: Return to Education and IV

2002-10-28 Thread Grey Thomas
Data that includes going to college almost certainly includes SAT scores. (I also think they correlate strongly with IQ, but haven't looked for that data). I'm sure that the effect of more schooling is higher on those with higher SAT scores. In addition, I'd guess the data includes average,

Re: Return to Education and IV

2002-10-28 Thread Jason DeBacker
Is there a significant difference in the returns to education for those who get schooling in top ranked programs? I thought I remember a Newsweek a couple years back that had a story about SAT scores of successful people (two profiles were G.W. Bush and Gore so I guess it was around 2000),