[S]ome people cut their schooling short so as to pursue more
immediately lucrative activities.Sir
Mick Jagger abandoned his pursuit of a degree at the London School of Economics
in 1963 to play with an outfit known as the Rolling Stones... No less impressive,
Swedish épée fencer Johan Harmenberg left MIT after 2 years of study in 1979,
winning a gold medal in the 1980 Moscow Olympics, instead of earning and MIT
diploma.Harmenberg went on to become a
biotech executive and successful researcher.These examples illustrate how people with high ability - musical,
athletic, entrepreneurial, or otherwise - may be economically successful
without the benefit of an education.This suggests that... ability bias, can be negative as easily as positive.
My challenge: Outliers aside, name any measured ability that on average falls as education rises. I'm looking for simple averages, nothing fancy.