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Faux exclusivity might be good for a school’s endowment or parents’ bragging rights, but it too often encourages families to overpay for education. Applicants may be better served by interactive college guides that let students search according to lifestyle and learning preferences. Nobody wants to walk into Walmart and pay top-shelf prices for store-brand merchandise.
In the most recent Education Outlook, AEI scholar Rick Hess and Taryn Hochleitner explain how the inflation of college rankings contributes to a false sense of exclusivity and rising tuitions.
The number of schools ranked highly in guides such as Barron's Profiles of American Colleges is increasing, without any evidence that these schools' instructional quality is also increasing. Applicants and their families should be wary of letting these rankings serve as the main criteria in their college decisions.
Armed with better data, the theory goes, students and parents will vote with their wallets, putting pressure on low-performing colleges to improve while avoiding direct government intervention. But these provisions are not working nearly as well as intended.
As the controversy over climate policy has grown, it has been said that greenhouse gas (GHG) control is too hard but solar radiation management (SRM) is too easy. Join AEI for a discussion of the potential economic benefits, as well as the risks of SRM with Lee Lane, J. Eric Bickel and Nobel Laureate Thomas Schelling. A reception will follow.
At this event, panelists will address pension reform challenges by presenting the results of three research papers commissioned by AEI through a generous grant from the Smith Richardson Foundation.
Mark Warshawsky, a well-known expert in retirement finance and a newly appointed commissioner, will explain the implications of a publicly funded long-term care insurance program. Then a panel will debate whether another government program the best way to ensure that families can afford to provide the necessary services for their aging loved ones.