| Re: Human Capital versus the Screening Hypothesis
Quote:
Originally Posted by Scucca  I think American is correct in that both human capital and the screening hypothesis applies. It would then be reasonable to suggest that the screening use of education cheapens its human capital role (e.g.expenditure in the US designed to maintain intergenerational divides, as the upper classes use education to effectively silver spoon their offspring) | I'm asking how he can judge them to be performing "poorly". Compared to what.
Regarding your comment, screening is paid for in opportunity cost even if you make a choice NOT to invest in screening. Screening may even by itself be worth investing in simply because of it's carrot approach to getting kids and parents more serious about their education. It may in fact me a primary factor IN developing human capital, and not be some opposition approach.
Business 101, you get what you measure. Measure nothing, you get nothing.
-Mach
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Let teachers and priests and philosophers brood over questions of reality and illusion. I know this: if life is an illusion, then I am no less an illusion, and being thus, the illusion is real to me. I live, I burn with life, I love, I slay, and I am content.- Conan |