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from Liberty Street Economics
– this post authored by Rajashri Chakrabarti, Nicole Gorton, and Wilbert van der Klaauw
Evidence overwhelmingly shows that the average earnings premium to having a college education is high and has risen over the past several decades, in part because of a decline in real average earnings for those without a college degree. In addition to high private returns, there are substantial social returns to having a well-educated citizenry and workforce.