While learning about the impact of education on the supply of skilled workers, I was curious to explore the current rate of return on education. Similar to the high school movement discussed in class, a college education (under-graduate and/or graduate) results in higher wages. As this article states “the pay premium for those with bachelor’s degrees has grown substantially in recent years. Among those ages 25 to 34, women with college degrees earned 79 percent more than those with high school diplomas, and men, 74 percent more”. However, instead of a shrinking income equality gap, it is widening prompting the recent Occupy movement which aims to bring attention to this fact.
http://www.nytimes.com/2010/09/21/education/21college.html
- Mehul Jain
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