2min chapter

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#32 - Bryan Caplan on whether his Case Against Education holds up, totalitarianism, & open borders

80,000 Hours Podcast

CHAPTER

The Effect of Signaling on Education

The sheepskin effect in a pure human capital world, that is, you know, if the only reason why education raised your eraser earnings was that it raised your skills. But there could actually be a discrete jump where finishing that last class could give you a very big payoff. And essentially, every single one done in the last 25 years finds that there is a much bigger payoff for graduation from high school and the bachelor's degree than there is for the earlier years.

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