Andreessen: The economic value of a college degree comes from diploma signaling
Marc Andreessen · a16z Podcast | From Research to Startup, There and Back Again · Jan 2, 2019 · at 33:04
Marc Andreessen, general partner at Andreessen Horowitz (a16z), references economist Bryan Caplan's book The Case Against Education in a conversation with Alphabet Chairman John Hennessy.
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“If you take an undergrad who's completed seven out of eight of their semesters, right, so they're three and a half years into their program, and they drop out, you might think that they would get seven eighths of the income in their first job as somebody who does all four years, and it turns out that's nothing... Which then basically means that the value of that four-year education program is primarily in the signal of the diploma as compared to the actual education. I think statistically, I think this is in the numbers.”
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