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How Nonmonetary Job Amenities Improve with Higher Education
FRB of St. Louis
2024.05.13
Every high school student will make a very important decision―whether to go to college. Graduating from college provides access to an expanded set of jobs. While it is well known that jobs requiring college degrees typically pay higher wages, how they differ in terms of amenities is less known.

Surely, both the pecuniary (monetary) and nonpecuniary (nonmonetary) benefits of jobs that require a degree impact the decision to enroll in and graduate from college. A student, for example, may choose to drop out or forgo college altogether in favor of a low-paying occupation with valuable amenities.

In this blog post, we examine whether college graduates tend to hold jobs with less-valuable amenities.