The Chronicle of Higher Education
October 20th, 2014
Plenty of people know how much they paid for their college degree. Fewer can tell you what it’s actually worth.
That disparity is something new research from the American Academy of Arts and Sciences’ Humanities Indicators project is hoping to fix.
The project is focusing on wage data from the American Community
Survey, but some say using earnings as a sole measure of success misses
the value of a degree and how it serves society.
“We’re trying to figure out what the best measure for this is,” said
Robert B. Townsend, director of the American Academy of Arts and
Sciences’ office in Washington and a researcher on the project. “A lot
of this is, ‘How do you measure the value of a good teacher to society?’
It’s a real challenge.”