Signaling vs. certification at Harvard

Harvard will be teaching solely on-line this fall (with some students in residence), yet charging full tuition rates.  Many commentators are thus suggesting this supplies evidence for the signaling theory of education. But not exactly.  The signaling theory, taken quite literally, is that education is a very difficult set of hurdles to surmount, and if […]

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Cornell understands the equilibrium

They are reopening campus for the coming semester and here is one reason why: …the finding from Cornell researchers that holding the semester online potentially could result in more infections and more hospitalizations among students and staff members than holding the semester in person would. A study by Cornell researchers concluded that with nominal parameters, an in-person […]

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How to identify interesting boats and sailors

I know nothing about this topic, so thought I should pass along this email from MR reader Edward Dixon: Having benefited from your advice on restaurants, I thought I would pass on some simple tips for the identification of interesting boats & interesting sailors. The method is actually a little like finding an interesting restaurant: […]

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The Global Economic Reset—Promoting a More Inclusive Recovery

By Kristalina Georgieva  The COVID-19 crisis is inflicting the most pain on those who are already most vulnerable. This calamity could lead to a significant rise in income inequality. And it could jeopardize development gains, from educational attainment to poverty reduction. New estimates suggest that up to 100 million people worldwide could be pushed into […]

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The return to studying economics is fairly high

Selection bias may confound the identification of field-specific returns to higher education. This study investigates the wage return to studying economics by leveraging a policy that prevented students with low introductory grades from declaring the major. Regression discontinuity estimates show that policy-complying economics majors — who appear representative on observables — earned $22,000 (58%) higher […]

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What should I ask Rachel Harmon?

I will be doing a Conversation with her, and she is a professor of law at the University with a specialty in policing.  From her home page: Rachel Harmon’s scholarship focuses on policing and its legal regulation, and her work has appeared recently in the NYU, Michigan and Stanford law reviews, among others. She teaches […]

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