On the economics of superstars. I read this a while back and was just reminded of it in trying to figure out with a colleague why the graduate wage premium estimates I was getting for my engineering sample were consistently higher than the typical college (i.e. - undergraduate) wage premiums in the literature.
Now, if you're the sort of person that thinks simple math that doesn't always flesh out all the detail of the market process and is not as useful as extensive prose on abstract ideas, you might not like this paper. I'm personally very glad to have reacquainted myself with it, and I'm finding that it is facilitating the development of a useful understanding of the world as I observe it.
[sorry... still baffled by how some people approach economics... it is a really good paper]
Procrastinating on January 23, 2017
6 hours ago