Bryan Caplan on College, Signaling, and Human Capital. Interviewed by Russ Roberts. Audio and transcript. Library of Economics and Liberty, April 7, 2014.
Crude Self-Interest: Why Kids Go to College. By Bryan Caplan. Library of Economics and Liberty, April 10, 2014.
It’s not just athletes — college screws everyone. By Naomi Schaefer Riley. New York Post, April 12, 2014.
With student debt growing by the day, a discussion is raging about how much college degrees are actually worth. The Library of Economics and Liberty’s EconTalk podcast contributes to this conversation in a discussion with George Mason University’s Bryan Caplan. Caplan covers a number of subjects, focusing particularly on the oft-cited 83 percent wage premium for college grads, arguing that the number is vastly overstated as it doesn’t take into account the large number of students who attend college and don’t graduate or the fact that smarter students who graduate college would have likely fared better in the job market even without a degree. Instead, Caplan notes that the premium for students who attend but don’t graduate is somewhere closer to 10 percent, which makes the prospect of paying for college considerably dicier for those who aren’t sure they’ll graduate.