Workers with a college degree see a significant bump in wages relative to workers with only a HS diploma

Wage premium relative to workers with only a high school diploma

Source: Authors’ calculations using 2021–2023 American Community Survey 1-Year Estimates.
NOTES: Restricted to adults 23–34 years old, working full-time, year-round. Workers in the military and institutionalized or unincorporated self-employed workers are excluded. Wage premiums were estimated using regressions of log of annual wages on education categorical variables, age, age squared, categorical variables for race/ethnicity, marital status, and dummy variables for sex, and foreign-born status.