Why is it, then, that despite the school someone goes to not mattering in outcomes once you control for external factors, rich people still disproportionately prefer to send their kids to private schools, and are willing to pay 20-30k per year over a decade to do so?
I could totally believe that it's totally irrational on the rich parents' part: kids and health are places where people lose much sense of rationality and perspective. But it's still worth considering that the people who are typically most invested and knowledgeable about their kids and the benefits of a good education do usually go for private school if they have the means to.
I could totally believe that it's totally irrational on the rich parents' part: kids and health are places where people lose much sense of rationality and perspective. But it's still worth considering that the people who are typically most invested and knowledgeable about their kids and the benefits of a good education do usually go for private school if they have the means to.