College Doesn't Pay for Everyone

In her Washington Post column Catherine Rampell correctly pointed out that the average return in higher wages for those with college degrees more than covers the tuition and opportunity cost associated with attending college. She notes however that college enrollment has edged downward in recent years.

While she sees this decline largely as the result of young people failing to recognize the benefits of college, it can be more radily explained by a growing divergence in the income of college...