Bryan Caplan on the Case Against Education
EconTalk
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The Three Theories of Why College Graduates Earn More
The chapter explores the three main theories for why college graduates earn more than high school graduates: human capital, signaling, and ability bias. The speakers debate the value of education and discuss the evidence for the acquisition of human capital, as well as the correlation between IQ and job performance. They also delve into the flaws of industrial psychology and the argument for ability bias, before concluding with a discussion on the concept of signaling in education.
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