The value of education

My friend Chooky did a little analysis of the comparative value of different levels of education, taking the census data that shows the average incomes for different education levels and then calculating the NPV of those levels. I was happy to see (as the holder of a bachelor's degree), that the maximum NPV is at the bachelor's degree level.

Too bad Chooky stayed on to get his PhD. Sorry, dude, looks like I picked the right time to get out of school.

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chooky Reply

Yea but PhD's are useful in getting the chicks. Oh wait...

Jeff Reply

Cheers to you Tony, my fellow under-educated friend!
And sorry to you Dr. Chooky. Being smart enough to figure this out has not served you well in this particular instance.

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