Hirschleifer's intermediate book reports that reputation of the school
matters significantly. This is an older study, but he suggests that it is
not your SAT score that matters, but the SAT score of your entering freshman
class. This supports the signaling theory of education, as opposed to
either training or sorting.
Also, I just saw a recent study on the news here in DC that reported that
what mattered most was major. The return to education for engineering is
still high, but the return for the humanities are low.
Dr. Peter J. Boettke, Deputy Director
James M. Buchanan Center for Political Economy
Department of Economics
George Mason University, MSN 3G4
Fairfax, VA 22030
(703) 993-1149
fax (703) 993-1133
email: [EMAIL PROTECTED]
homepage: http://www.gmu.edu/departments/economics/pboettke
