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Journal Article
Falling College Wage Premiums by Race and Ethnicity

Workers with a college degree typically earn substantially more than workers with less education. This so-called college wage premium increased for several decades, but it has been flat to down in recent years and declined notably since the pandemic. Analysis indicates that this reflects an acceleration of wage gains for high school graduates rather than a slowdown for college graduates. This pattern is most evident for workers in racial and ethnic groups other than White, possibly reflecting an unusually tight labor market that may have altered their college attendance decisions.
FRBSF Economic Letter , Volume 2023 , Issue 22 , Pages 6

What Is Causing the College Premium to Shrink?

Luck, financial liberalization and the rising cost of college may help explain why the financial advantage of a college degree is less than it once was.
On the Economy

Do College Degrees Mean More Wealth?

College degrees usually indicate higher income and wealth over those without. But the college wealth premium for those born more recently is getting smaller.
On the Economy

Is College an Engine of Inequality?

Higher education holds the promise of helping to level the playing field, yet data suggest that Black and Hispanic students are falling behind.
On the Economy

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