Wall Street Journal posted data from the venerable Center on Education and the Workforce on earnings and unemployment by college major. There is a relative floor at $40,000 with a wide variation of unemployment (poor clinical psychology). There is a negative correlation between earnings and unemployment rate, but it might be too presumptuous to presume […]
human capital
James Heckman on NPR
James Heckman, the Nobel-prize winning economist from the University of Chicago, spoke briefly on National Public Radio. My favorite part was Michael Martin asking why an economist (and there are quite a few of us) is interested in early childhood education: MARTIN: I hope the question doesn’t bore you. But there are…many people who will […]