Re:Education Pays: 2008 Unemployment, Pay, and Education Level
by mrkurt on Sunday June 07, 2009 @12:18PM
(#646003)
You have to wonder how much selection bias skews this. It seems like "those who would complete more school" isn't that far off from "those who are ambitious and willing to work hard". Without schooling, I wonder how well that second group would perform. Pretty well, I'd think.
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Re:Education Pays: 2008 Unemployment, Pay, and Education Level
by by on Sunday June 07, 2009 @01:57PM
(#646117)
Similarly, there is no indication they have adjusted the results for IQ. According to some estimates "each IQ point raises worker productivity 1.76-2.38%" where I take "worker productivity" to mean lifetime earnings.
http://www.ehponline.org/members/2002/110p563-569grosse/gros...