Do You Think the Signalling Share of Wages Will Go Down Over Time?

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Wages change alot over the course of a worker's lifetime. So if the signal from education is fixed, and then wages are changing for many decades, i mean, doesn't most of the wage story have to be human capital theory rather than signalling theory? Yes. But again, what i would say is aing, it is reasonable to think the signalling share goes down over time. And that's where there is a whole literature called the employer learning sisc discrimination literature.

"No single paper is that good", says Bryan Caplan. To really understand a topic, you need to read the entire literature in the field. And to do the kind of scholarship Bryan's work requires, you need to cover multiple fields. Only that way can you assemble a wide variety of evidence into useful knowledge.

But few scholars ever even try to reach the enlightened interdisciplinary plane. So how does he do it?

Tyler explores Bryan's approach, including how to avoid the autodidact's curse, why his favorite philosopher happens to be a former classmate, what Tolstoy has that science fiction lacks, the idea trap, most useful wrong beliefs, effective altruism, Larry David, what most economics papers miss about the return to education, and more.

Read a full transcript enhanced with helpful links.

Recorded April 17th, 2018 Other ways to connect

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