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Discuss the concept of the financial rate of return on a col lege education. If this return is less than the return on a bank account, does that mean you should quit college? Why might you want to stay in school anyway? Are there circumstances under which it might be rational not to go to college, even when the financial returns to college are very high?

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Microeconomics: Principles & Policy

14th Edition
William J. Baumol + 2 others
Publisher: Cengage Learning
ISBN: 9781337794992

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BuyFindarrow_forward

Microeconomics: Principles & Policy

14th Edition
William J. Baumol + 2 others
Publisher: Cengage Learning
ISBN: 9781337794992
Chapter 19, Problem 2TY
Textbook Problem
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Discuss the concept of the financial rate of return on a col lege education. If this return is less than the return on a bank account, does that mean you should quit college? Why might you want to stay in school anyway? Are there circumstances under which it might be rational not to go to college, even when the financial returns to college are very high?

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