Crash course in good and bad controls ftp.cs.ucla.edu/pub/stat_ser...mixtape.scunning.com To grad students, I'd also recommend: don't just read methods articles - read excellent empirical papers, focusing specifically on the mthd. logic used.

Congrats! This looks super interesting.

Thanks, Regina!

I'm pretty sure there is in fact a pretty stable wealth premium. We aren't living in a world where Millenial doctor and Millenial landscaper wealth levels are functionally indistinguishable. Higher ed has plenty of problems, but I'm not totally convinced this is a major one.

I played around with the transformations used in the Fed paper that motivated the NYT article - I think the transformation of wealth unintentionally overshot median HS wealth and undershot college wealth - each growing more in recent years. t.co/GVN6ZcWNW7

David Deming wrote a great Atlantic article about this too - college jobs have more rapid growth than noncollege jobs. 24 year old college / noncollege workers may have similar earnings - but college worker earnings tend to grow more. www.theatlantic.com/ideas/archiv...

The College Backlash Is Going Too Far

Getting a four-year degree is still a good investment.

Jonathan Rothwell basically solved the issue - The original Fed paper the NYT story's based on doesn't allow cohort-varying age effects for wealth. twitter.com/jtrothwell/s...

I started thinking about this in response to Tough's NYT Magazine article last month: "But younger white college graduates — those born in the 1980s — had only a bit more wealth than white high school graduates born in the same decade" t.co/ShLQMrLjuz

Americans Are Losing Faith in the Value of College. Whose Fault Is That?

For most people, the new economics of higher ed make going to college a risky bet.

This is a great idea.

Thanks Dave! That’s so kind of you.