Postsecondary Education & Economics Research Center

Do Graduate Degrees Pay Off?

Joseph G. Altonji & Zhengren Zhu

On average, graduate programs increase students’ earnings — but the returns differ widely across fields

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About Us

The Postsecondary Education & Economics Research (PEER) Center generates actionable research to drive policy improvements in postsecondary access, affordability, experience, and outcomes. As scholars from American University and The George Washington University, we conduct policy-relevant analyses, engage with researchers, and provide technical support directly to state and federal policymakers.