Adjusting for society's bias towards the label helps isolate the actual effect of college.
What I would like to understand is whether college is valuable because society thinks so or is there something that college does that is unique to it. (and if the latter is true, is it worth $50k a year?)
What I would like to understand is whether college is valuable because society thinks so or is there something that college does that is unique to it. (and if the latter is true, is it worth $50k a year?)