tag:blogger.com,1999:blog-7464708.post4109695735686323252..comments2024-03-22T06:05:36.544-04:00Comments on Kids Prefer Cheese: HIgher Ed bluesMungowitzhttp://www.blogger.com/profile/02340064320347875601noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7464708.post-61220814711543144752012-04-29T14:44:11.769-04:002012-04-29T14:44:11.769-04:00Without reading through Goldin and Katz... Is it p...Without reading through Goldin and Katz... Is it possible that the conclusion you site simply reflects that more people are getting degrees, which would mean that both the median and mean wages of college degree holders would be pulled down (relatively), but pulled down slower than the median or mean of non holders?<br /><br />For example, just pulling numbers out of the air here based on the enrollment rate figure... the 75th percentile wage divided by the 25th percentile wage in 1980 might be 1.4. But the 65th percentile wage divided by the 15th percentile wage in 2009 might be 1.65, without much underlying change in income distribution. How much are the statistics lying to us? That's what I'm asking.<br /><br />Bottom line is that the costs of college now are beyond insane. Courses for a mainstream ugrad degree could be offered online, with tutoring and grading, for a fraction of the cost of enrollment. A student wouldn't get the "experience", nor would they get the signaling value, but they could arguably get better coursework and feedback.Brad Hutchingshttps://www.blogger.com/profile/17311968930069483354noreply@blogger.com