Bryan Caplan on College, Signaling and Human Capital

Apr 7, 2014

Bryan Caplan, Professor of Economics at George Mason University, challenges the belief that college students are more valuable due to technological advancements. He discusses the puzzle of low graduation rates despite increasing returns to graduating. Caplan explores the misinterpretation of graduation rates and the role of choice of major in determining earnings. He questions the necessity of spending years in college to prove one's worth as a worker and discusses the influence of government subsidies on education. Caplan argues against increasing subsidies, as the return on education is not high for marginal students.