In 2009, Walter W. McMahon, emeritus professor of economics and education at the University of Illinois Urbana-Champaign wrote Higher Learning, Greater Good: The Private and Social Benefits of Higher Education. Using a human capital approach the question of what higher education does and does not provide to society, McMahon’s account is thorough, persuasive, and technical…
Tag: value of college
Calculating Deferred Gratification
How confident are you with economic and career forecasting? Recently I had a fascinating conversation with a smart community college student keen on pursuing a career in health care. The first in her family to attend college and an immigrant to the United States while in high school, she told me that she loves the…