Deming, David J. - National Bureau of Economic Research - 2023
The U.S. college wage premium doubles over the life cycle, from 27 percent at age 25 to 60 percent at age 55. Using a … panel survey of workers followed through age 60, I show that growth in the college wage premium is primarily explained by … occupational sorting. Shortly after graduating, workers with college degrees shift into professional, nonroutine occupations with …