If it’s true that they provide a superior educational experience, it seems like it might provide a bit of evidence about signaling vs human capital explanations for education. But personally my prediction is that graduates will get jobs and it will be mainly due to signaling effects.
I’ve been jumping around reading Caplan’s posts on your link in my free time today and I’ve found him very convincing. However, I know very little about economics. Could you recommend a good overview article on signalling/ability bias/human capital in higher education? I am sincerely quite interested in this stuff.
I did some googling and found this blog post that might be a more accessible overview of Caplan’s position. I’m not an economist either and my understanding is that of a layperson.
If it’s true that they provide a superior educational experience, it seems like it might provide a bit of evidence about signaling vs human capital explanations for education. But personally my prediction is that graduates will get jobs and it will be mainly due to signaling effects.
Especially since the main screening criterion is IQ.
I’ve been jumping around reading Caplan’s posts on your link in my free time today and I’ve found him very convincing. However, I know very little about economics. Could you recommend a good overview article on signalling/ability bias/human capital in higher education? I am sincerely quite interested in this stuff.
I did some googling and found this blog post that might be a more accessible overview of Caplan’s position. I’m not an economist either and my understanding is that of a layperson.