An Educational Challenge
By Bryan Caplan
In Mastering ‘Metrics, Angrist and Pischke write:
[S]ome people cut their schooling short so as to pursue more
immediately lucrative activities. Sir
Mick Jagger abandoned his pursuit of a degree at the London School of Economics
in 1963 to play with an outfit known as the Rolling Stones… No less impressive,
Swedish épée fencer Johan Harmenberg left MIT after 2 years of study in 1979,
winning a gold medal in the 1980 Moscow Olympics, instead of earning and MIT
diploma. Harmenberg went on to become a
biotech executive and successful researcher.
These examples illustrate how people with high ability – musical,
athletic, entrepreneurial, or otherwise – may be economically successful
without the benefit of an education.
This suggests that… ability bias, can be negative as easily as positive.
My challenge: Outliers aside, name any measured ability that on average falls as education rises. I’m looking for simple averages, nothing fancy.