Is College Still Worth it? The New Calculus of Falling Returns

@article{Emmons2019IsCS,
  title={Is College Still Worth it? The New Calculus of Falling Returns},
  author={William R. Emmons and Ana Hern{\'a}ndez Kent and Lowell R. Ricketts},
  journal={Federal Reserve Bank of St. Louis Research Paper Series},
  year={2019}
}
The college income premium is the extra income earned by a family whose head has a college degree over the income earned by an otherwise similar family whose head does not have a college degree. This premium remains positive but has declined for recent graduates. The college wealth premium (extra net worth) has declined more noticeably among all cohorts born after 1940. Among families whose head is White and born in the 1980s, the college wealth premium of a terminal four-year bachelor?s degree… 
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