Some economists have an unexpected reason for the college earnings premium. First, the premium… In 2011, a diploma from a 4-year college meant you would earn 83% more than your high school classmate who did not attend college. Looked at slightly
For human capital formation, 10,000 hours could be crucial. I was at Lincoln Center several nights ago. Listening to a wonderful performance of Chopin’s Polonaise, I wondered how much the pianist practiced. That took me to Malcolm Gladwell.