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In: Economics

suppose there are 2 classes of workers, A & B. Group A has no college education,...

suppose there are 2 classes of workers, A & B. Group A has no college education, Group B has 4 years of college education. Group A is paid 20% less than Group B for each and every year either is working. If the working life of any worker is 25 years, and the direct cost of a college education is $100,000 for 4 years of school. is it possible to set up a break even rate of return to college?

1. What are some of the pro's and con's of free college education.

2. If college was free, what would you suspect will happen? Would this change the rate of return to college education?

3. Should other costs be included in the computations

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Expert Solution

Rahul Sunny answered 1 year ago
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