Monday, February 22, 2010

Nominal grade illusion

Newly employed ECONJEFF reader and UM gradual student Osborne Jackson points me to this paper on the real effects of grade inflation by Philip Babcock of UCSB.

Looks interesting. But what about the general equilibrium effects? Would effort go up in all classes if all professors get tough, or does one tough professor just reallocate effort? Onto the "to read" pile it goes.

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