Education works as a placebo effect

Kai Ryssdal & Tyler Cowen:

KAI RYSSDAL: College students, and their parents, who have yet to write this fall's tuition checks may want to bear the following statistic in mind. According to the Department of Education, more students are going deeper into debt to pay for school. Last year, total federal student loan payments increased 25 percent. Are students getting what they borrowed for? Commentator Tyler Cowen says yeah they are, sort of.

TYLER COWEN: There's lots of evidence that placebos work in medicine; people get well simply because they think they're supposed to.

But we're learning that placebos apply to a lot of other areas and that includes higher education. Schooling works in large part because it makes people feel they've been transformed. Think about it: college graduates earn a lot more than non-graduates, but studying Walt Whitman rarely gets people a job. In reality, the students are jumping through lots of hoops and acquiring a new self-identity.

The educators and the administrators stage a kind of "theater" to convince students that they now belong to an elite group of higher earners. If students believe this story, many of them will then live it.

Posted by Jim Zellmer at September 4, 2009 5:22 AM
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