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Re-release: Claudia Goldin on the Economics of Inequality
Conversations with Tyler
What is Problem with For-Profit Education?
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For-profit education often fails due to a profit incentive for companies and lack of awareness for students. Many are lured in with promises, but don't receive sufficient information or time to make informed decisions. Short courses, like medical technicians, are not the main issue. Non-profit education also needs improvement in terms of informing and guiding students. Research shows that getting into a good college greatly benefits marginal students, but there's a discontinuity for those who don't finish. The identification point for success is unclear. Overall, for-profit education struggles, while non-profit education could also be better at supporting students.
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