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by barry-cotter
2656 days ago
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> The point of this is that none of this has anything to do with signaling, but it also has very little to do with the quality of education received. Ability. You’re talking about ability. Caplan estimates that on average the return from education is ~70% signalling and ability, 30% changes in human capital if I remember right. |
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Those two seem to me to be vastly different things.