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The Education Premium for Employment: Is it the Same Everywhere?
The Education Premium for Employment: Is it the Same Everywhere?
Introduction
The labor market advantages for better educated workers are numerous. It is well-known that people with higher levels of education have lower rates of unemployment than people with lower levels of education. In addition to lower unemployment rates, better educated workers generally earn more and have greater access to workplace benefits compared to workers with lower levels of education (Cheeseman-Day and Newburger, 2002; Olson, 1995). Moreover, better educated workers continue to have an employment advantage over less educated workers during recessions (Allegretto and Lynch, 2010). In the current, post-recession period, while many cities continue to struggle with high unemployment rates, the disparity in unemployment rates between workers with high and low levels of education remains large (Theodossiou and Hipple, 2010). However, some research suggests that the employment advantage for better educated workers is not equally strong across all regions and cities (Krolick, 2004; Layne, 2012).
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Page Last Revised - October 8, 2021
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