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Old 05-09-08, 03:35 PM   #15 (permalink)
Scucca
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Thread Starter Re: Human Capital versus the Screening Hypothesis

Quote:
Originally Posted by gunner View Post
why would they choose them? Um because there easier!
I don't think its that simple. The youngster is typically rational. They will often, for example, have a vague idea about the returns to specific university degrees.

You'd have to suggest that tertiary education is not an investment but a consumption good. Media studies becomes "a jolly", as 3 years of fun replaces the nastiness of labour force effort. But hasn't that always been the case? A chance for the middle classes to escape their boarding schools and meet the odd lass...
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