Bohanon: Skills or Sorting — What Do We Do at a University?
by Cecil Bohanon, Ph.D. College graduates earn more than high-school graduates. College graduates with actuarial-science degrees earn more than college graduates with culinary-arts degrees. We all know why: Higher education gives students valuable skills that translate into high-paying jobs. College level skills that are more valuable (at the margin) command higher salaries, so acquiring science … Read more