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The kid that's driving a new BMW at age 16 will make more money than everyone else too. Do you suggest that kids buy BMWs in order to increase their lifetime ea
by hooande 5y ago
The kid that's driving a new BMW at age 16 will make more money than everyone else too. Do you suggest that kids buy BMWs in order to increase their lifetime earning potential?
- endisneigh 5y agoI don’t see the relevance - even among the poorest college grads have higher lifetime earnings: https://research.upjohn.org/empl_research/vol23/iss3/1/ https://research.upjohn.org/empl_research/vol23/iss3/1/ again, college grads make more money across all demographic groups. Not sure what you’re arguing
- mlyle 5y agoYes, but is this causal? Is it the college education itself that explains all of the earnings difference? Or is it that the most adept of each income block are more likely to complete college education, and some of the later income difference is because of intrinsic ability rather than the benefits and signaling advantages of a college degree?