Economist’s Corner: The Economics of a Degree


Economist’s Corner

Hang In There- The Economics of a Degree

As you plough through course work, term papers, and exams, you might ask:  Is it worth it?  While you might not realize it now, the intellectual and spiritual benefits from PLNU will pay dividends throughout your life that cannot be counted.

There will be economic benefits as well.  According to the Organization for Economic Cooperation and Development (OECD), a male college graduate can expect to earn $367,000 more over the course of his lifetime than a friend who just completes high school.  For women, a college degree yields a premium over a high school diploma of $229,000.  Women, we are catching up!  (Part of the discrepancy between males and females reflects the fact that women may spend more years out of the work force or working part time to raise families.)

Significantly, the value of a college degree over a high school diploma is higher in the U.S. than in any other industrialized country.   Sadly, only about 35% of U.S. high school graduates go on to complete a college degree.

The bottom line:  Stick it out—that sheepskin from PLNU will carry immense value for the rest of your life.

–Lynn Reaser, Ph.D.

Chief Economist, PLNU

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