>One question raised was the extent to which the benefit of the BA represents
>the devaluation of the High School diploma.
Relatively, yes. People like Harper's seem to think U.S. high schools used to be more rigorous. Is that really true, or is it just liberal nostalgia for the old days?
Freeman and Schettkat's data show that low-skilled Germans are much higher skilled - compared to each other & their national averages - than U.S. workers.
> By the way, you are better off
>with a Masters than a Ph. D. in economics, in terms of earnings.
Someone with a master's is likely to be working on Wall Street rather than in academia, compared to someone with a PhD, right?
Doug