Notes: The college wage premium is the percent by which hourly wages of four-year college graduates exceed those of otherwise-equivalent high school graduates. This regression-based gap is based on average wages and controls for gender, race and ethnicity, education, age, and geographic division; the log of the hourly wage is the dependent variable. The 95/50 wage ratio is a representation of the level of inequality within the hourly wage distribution. It is logged for comparability with the college wage premium.