Followup On The Baumol Effect: Thanks, O Baumol
Scott Alexander follows up on his critique of a book about the Baumol effect, presenting data that challenges the book's claims about rising wages driving cost increases in education and healthcare.
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Essays tagged “education costs”. Follow an idea across the archive.
Scott Alexander follows up on his critique of a book about the Baumol effect, presenting data that challenges the book's claims about rising wages driving cost increases in education and healthcare.
Scott Alexander reviews a book attributing rising service costs to the Baumol effect, finding it convincing but raising some concerns about conflicting data and affordability issues.
Scott Alexander summarizes various responses to his post on 'cost disease', presenting diverse explanations for dramatic cost increases in healthcare, education, and infrastructure.
Scott Alexander examines the phenomenon of cost disease, where costs for basic services like education and healthcare have increased dramatically without corresponding improvements in quality or wages.
Scott summarizes diverse perspectives from comments on his school choice article, covering topics like education costs, charter schools, and potential market failures in education.
Scott Alexander critiques arguments against school vouchers, discussing potential efficiency gains and drawbacks of privatization in education, while proposing experimental approaches to school reform.
A collection of interesting links covering recent research, controversies, and developments across various fields including science, economics, politics and sociology, with Scott's brief commentary on each.