Wages

College wage premium, 1973–2015

Date College/High school wage premium
1973 37.7%
1974 36.1%
1975 37.5%
1976 35.7%
1977 34.0%
1978 32.8%
1979 31.4%
1980 32.9%
1981 33.8%
1982 36.0%
1983 38.4%
1984 40.7%
1985 42.6%
1986 43.9%
1987 45.5%
1988 45.7%
1989 45.9%
1990 47.6%
1991 46.5%
1992 48.8%
1993 49.0%
1994 49.6%
1995 49.5%
1996 48.8%
1997 49.5%
1998 50.7%
1999 51.3%
2000 51.6%
2001 52.0%
2002 51.0%
2003 50.9%
2004 50.5%
2005 51.7%
2006 52.0%
2007 53.1%
2008 53.6%
2009 52.5%
2010 53.8%
2011 53.6%
2012 54.5%
2013 55.7%
2014 54.3%
2015 56.1%
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Economic Policy Institute

Note: The college wage premium is the percent by which wages of college graduates exceed those of otherwise equivalent high school graduates, regression adjusted.

The regression-based gap is based on average wages and controls for gender, race and ethnicity, education, experience, and geographic division. The log of the hourly wage is the dependent variable.

Source: EPI analysis of Current Population Survey Outgoing Rotation Group microdata

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