Higher Education Pays Off

10 Aug

This chart is particularly interesting given the economic downturn:

Source: “The College Payoff: Education, Opportunity, Lifetime Earnings.” [PDF] Georgetown University’s Center on Education and the Workforce.

5 Responses to “Higher Education Pays Off”

  1. razib August 10, 2011 at 1:07 pm #

    two separate issues here:

    1) the “value-add” that higher education provides. i.e., learning facts and techniques.

    2) the “selection filter” which higher education facts. i.e., smarter people tend to go to college, stupider people do not.

    as an example of the second within colleges, it’s probably the case that a harvard education does not make a harvard student. it simply places the stamp of approval upon an individual, indicating that they’re smart enough and hard working enough that they could get accepted to harvard.

  2. Mr. Gunn August 10, 2011 at 1:17 pm #

    The sweet spot certainly seems to be doctoral, but it’s hard to tell given the really poor choice of color palette.

  3. Max August 10, 2011 at 4:36 pm #

    There’s going to be some heavy overlap of these curves depending on the choice of field of study. An average electrical engineer with a BA is going to make a lot more annually (and get at least a five year head start on lifetime earnings) than an average art history PhD.

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