Wednesday, August 11, 2010

Links for 8/11/10

Bryan Caplan
there's one striking fact in the original research that's neglected in the popularization: The return to a college education is much higher in the lazy present than it was in the studious days of yore…

[Babcock and Marks:] If full-time college attendance requires a smaller time investment than it once did, then the recent increases in the return to college may be larger than was previously thought.

[Caplan:]Babcock and Marks could reply, of course, that the return to college would have been even greater if schools had maintained standards. But the more natural inference is that studying is mostly wasteful signaling. If one student cuts his effort by 40%, he gets low grades and looks bad. But students in general can still cut their effort by 40% without noticeably impairing their future productivity in the real world...
Lawrence Rosen
whether colleges have violated what is commonly known as the "prudent-investor rule."
Colleges, like other institutions that operate in a trust relationship, have long been required to invest in a reasonably conservative way…

No one wants to return to an era when delegation and diversification are impermissible. And rules should not be constructed simply as a function of any one moment in the markets. But one may fairly ask whether a given institution has, in fact, used the care, skill, and caution required by the prudent-investor rule in choosing its investment professionals, and whether trustees have ignored warnings about their agents' decisions…
Mary Hennock
a new student survey, created and organized by Tsinghua University, one of the country's elite universities.

The survey, which was designed in collaboration with the influential National Survey of Student Engagement, based at Indiana University at Bloomington, asks what students think of their education and how they spend their time.

Forty-nine institutions participated this year, and confidential results of their students' responses will be given to them soon.

The results will enable administrators to pinpoint problems and identify reforms that might improve teaching styles, course materials, and students' overall enjoyment of campus life.
The administrators of NSSE China, as it is known, are also working on a national report that will be released publicly, to identify broader trends in student engagement.

How America Pays for College 2010: A national study by Sallie Mae and Gallup

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