A Value-Added Perspective on Higher Education
U.C. Irvine L. Rev. (2016) (Symposium)
11 Pages Posted: 2 Sep 2015
Date Written: September 1, 2015
Higher education should not be evaluated based on good or bad outcomes, but rather based on value-added. Education can add substantial value even while producing unappealing outcomes, because those outcomes may still be better than realistic alternatives after considering heterogeneity in student populations. Conversely, education can fail even while producing attractive outcomes if a realistic alternative could have added more value.
Keywords: labor economics, higher education, student loans
JEL Classification: H52, I2, J2, J3
Suggested Citation: Suggested Citation