Regular readers will be well-acquainted with my interest in the college wage premium. The fact that college graduates make significantly more than those with lower levels of educational attainment is relevant, I argue, to debates about how best to finance higher education. Well, the Census is out with new wage premium numbers, and their estimates… Continue reading New college wage premium numbers from Census
Most known about the large wage premium that comes from college degrees for those who capture jobs that require such degrees. But what about those who do not capture those jobs, and wind up in jobs that do not require college degrees? Believe it or not, those graduates also wind up making quite a bit… Continue reading College wage premium exists even for low-skill jobs
Supposing college was free, what would the social narrative about the recipients of it be? I have seen two basic approaches: 1. It is a right. I owe nothing. Under this narrative, recipients of free college are due free college as a matter of right. To deprive them of it is to oppress them. When… Continue reading Free college narratives
A few days ago, I had a purely speculative post about the possibility that the consumption preferences of rich kids are driving up the cost of college. The basic idea of the piece is simple. Most kids do not go to college because they love education. They do so because college is the gatekeeper of… Continue reading Looks like rich kids are driving up college costs
Evan Soltas has a good piece in Bloomberg on the popular misconception that college costs are soaring. The problem he addresses is that the headline number for the price of college is not actually what students pay. Colleges use price discrimination which means that they charge students from wealthier families more than those from poorer… Continue reading What is the actual cost of attending college?