4 ms·
That isn't fair - there is selection bias. You have to compare people who were accepted to college and choose not to go to those who choose to go. Then, subtra
by smanek 17y ago
That isn't fair - there is selection bias. You have to compare people who were accepted to college and choose not to go to those who choose to go.
Then, subtract the opportunity cost of the money the college goers paid (i.e., cost * expected ROI in some other endeavor) before comparing lifetime earnings.
The studies I've seen to that for a lot of people (mediocre students, no-name school, etc) there is relatively little benefit to attending college.
- ShabbyDoo 17y agoThe study is harder than that. You have to take a sampling of those accepted to college and force a percentage of them to skip out. The "educated people make more money, therefore get an education" arguments annoy me. There's rarely a mention that causation is presumed.
- smanek 17y agoIdeally yes - but we can't (ethically) do that ;-)