EconLog: Library of Economics and Liberty

Ozimek on the Sheepskin Effect

Bryan Caplan — 2012-02-10T15:34:52

(February 10, 2012 03:34 PM, by Bryan Caplan) I think the sheepskin effect is strong evidence in favor of the signaling model of education. Modeled Behavior's Adam Ozimek's not so sure:[W]hat does it tell you about someone when they have invested a lot of money into college, come... (8 COMMENTS)

Rent Control

Arnold Kling — 2012-02-10T13:14:09

(February 10, 2012 01:14 PM, by Arnold Kling) Peter Dorman writes, In fact, advocates for rent control have taken Econ 101 (most of them), but they just disagree on how large the positive and negative impacts are. The purpose of economics should be to help us think clearly... (2 COMMENTS)

W. Allen Wallis: An Appreciation

David Henderson — 2012-02-10T08:28:47

(February 10, 2012 08:28 AM, by David Henderson) I gave a talk last night at the University of Rochester. The talk was titled "Do We Need to Go to War for Oil." It was nice to catch up with friends in Rochester and former colleagues: John Long and... (2 COMMENTS)

Wealth and the Output Gap

Arnold Kling — 2012-02-10T08:07:05

(February 10, 2012 08:07 AM, by Arnold Kling) Tyler Cowen writes, There is still not enough talk of wealth effects in current macro debates, as they are invoked only selectively. Scott Sumner writes, I'm missing something blindingly obvious, as Jim Bullard, David Andolfatto and Tyler Cowen (who also... (5 COMMENTS)

Another Frustrating Education Study

Arnold Kling — 2012-02-09T14:30:15

(February 9, 2012 02:30 PM, by Arnold Kling) From Richard Arum and others. They find that employment outcomes of college graduates are positively related to student performance on the Collegiate Learning Assessment (CLA). Who cares?. As Bryan points out, this sort of study confounds ability with learning, which... (3 COMMENTS)

Timothy Taylor's Instant Economist

Arnold Kling — 2012-02-09T14:02:07

(February 9, 2012 02:02 PM, by Arnold Kling) Tyler Cowen wrote that it is too elementary for most MR readers but it is well executed and would make a good gift for anyone needing an introduction to economic reasoning. My thoughts: 1. The price is very attractive. I... (5 COMMENTS)