Years ago, having a university degree almost always meant earning more money. Today, an unaccommodating job market for many new college graduates and soaring tuition fees lead some to wonder if a sheepskin is still worth it. This illuminating analysis from the Federal Reserve Bank of New York provides some answers but also poses new questions. getAbstract recommends this report to parents, educators, students and anyone weighing the potential financial benefits of a higher education against its costs.
In this summary, you will learn
- How the costs and benefits of higher education have changed over the years,
- Why a university degree still provides an income advantage, and
- Which types of degrees produce the highest payoffs.
About the Authors
Jaison R. Abel is a senior economist at the Federal Reserve Bank of New York, where Richard Deitz is an assistant vice president.