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Title: Do the Benefits of College Still Outweigh the Costs?

Citation Type: Journal Article

Publication Year: 2014

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Abstract: In recent years, students have been paying more to attend college and earning less upon graduationtrends that have led many observers to question whether a college education remains a good investment. However, an analysis of the economic returns to college since the 1970s demonstrates that the benefits of both a bachelors degree and an associates degree still tend to outweigh the costs, with both degrees earning a return of about 15 percent over the past decade. The return has remained high in spite of rising tuition and falling earnings because the wages of those without a college degree have also been falling, keeping the college wage premium near an all-time high while reducing the opportunity cost of going to school.

Url: http://www.ny.frb.org/research/current_issues/ci20-3.pdf

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Authors: Abel, Jaison R.; Deitz, Richard

Periodical (Full): Current Issues in Economic and Finance

Issue: 3

Volume: 20

Pages:

Data Collections: IPUMS USA

Topics: Education, Labor Force and Occupational Structure, Other

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