Things about school that I learned in school today

Things about school that I learned in school today ((BTW, class was held at my desk at home in my PJ’s today due to inclement weather and the insistence of the UCD facilities bureaucrats that classes of one don’t deserve their own lecture hall on campus.)):

  • Earnings increases about 12% per extra year of schooling ((Angrist and Krueger 1991, Ashenfelter and Krueger 1994 and Psacharopoulos 1994))
  • Quality of education, measured by class size and teacher salaries, is much less important for earnings than the number of years of schooling ((Card and Krueger 1996))
  • The social returns to schooling are not much greater than the private returns to education ((Daron Acemoglu and Angrist 2001 and Krueger and Lindahl 2001))

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