Question

Describe how self-selection issue might be used to call into question empirical results suggesting there are large economic benefits gained by requiring all workers to receive a college education?

Answer 1

Answer: self section issue might be used to call into question emporical refulte in college education : - people self select their education levele boged on their innate ability. more capable workers are likely to opt for higher education Therefore the difference between the average wage of the graduates and non graduates is explained not only by the difference in their education level but also by the difference between their innate ability. • As que know that people generally choose their level of education knowing their own abilities, preferences, and financial soundness. one of the most significant amongst all is his her abilitieke · It has been observed that highly capable people would are expected to earn a large salary even if they didn't

attend college, but they choose to attend because they earn evermore by doing 80 • Similarly less capable people know they are less capable and that they will not get very high paying jobs even when with a college degree. . . Consequently high capably people tend to go to college while less capable people are less likely to go to college and the average wage / remuneration of college graduate is higher than that of non college graduates largely because of self selected education levels due to innate skills or abilities.