Even looking at bank robbers, we see that technological innovation creates the changing job markets that wind up as structural unemployment.
The Mystery of Why Grads From 4 Year Colleges Earn More
It is a mystery whether college matters because it creates better human capital or creates signals that indicate graduates completed a long-term task.
What Signals Does a College Degree Really Send?
Some economists have an unexpected reason for the college earnings premium. First, the premium… In 2011, a diploma from a 4-year college meant you would earn 83% more than your high school classmate who did not attend college. Looked at slightly differently (below), the…
