New Heldrich report: Benefits of Education in New Jersey

February 1, 2023

What is the value of a college degree? A new New Jersey Education to Earnings Data System report titled Benefits of Education in New Jersey uses state and supplemental federal data sources to demonstrate that higher levels of education have a positive return on investment to the individual, the state, and society. 

The study sought to document the short- and long-term outcomes of education for New Jersey residents to determine if the benefits outweigh the costs to both the individual student and the state as a whole. The report demonstrates that higher levels of education have a positive return on investment to the individual, the state, and society. Higher education not only helps individuals and families achieve upward social and economic mobility but also results in higher tax revenues for state and federal governments.

Researchers at the Heldrich Center for Workforce Development prepared this report using NJEEDS data and additional public sources.

The report is organized around the following seven themes:

  • Earnings by educational award level
  • Distribution of earnings within levels of education
  • Earnings and tax payments by educational award level
  • Projected earnings growth over time
  • Earnings premium relative to the price of education
  • Earnings by type of industry
  • Distribution of earnings by college major

Click here to view a recording of the report release webinar.

Recent Posts

Shaul Picker Receives 2024 Mortensen-Voorhees Award

Shaul Picker is the 2024 recipient of the Mortensen-Voorhees Award for Achievement in Transportation Studies. This award is granted annually to the highest-achieving student with a concentration in transportation at the Edward J. Bloustein School of Urban Planning and...

NJSPL – Key Insights from Early Offshore Wind Implementation

By Jessica Parineet Offshore wind development is in its early stages in the United States, with just under one gigawatt (GW) of utility scale capacity constructed. State decarbonization goals have catalyzed industry progress thus far, however the Biden administration...

EJB Talks: Political Update with Stuart Shapiro and Amy Cobb

Analyzing Trump's Guilty Verdict and the 2024 Election Outlook Stuart Shapiro welcomes back Amy Cobb MPAP '18 for a political update in the final EJB Talks episode of the spring 2024 season. They discuss the potential consequences of Trump's guilty verdict for...

Racial composition of road users, traffic citations, and police stops

Significance This study pioneers in mapping the racial composition of roads. Our findings highlight a disproportionate rate of citations for moving violations among Black drivers through both speed camera enforcement but more so via police stops, challenging the...

Traffic Speeds Decrease When Bike Lane is Present

Rutgers researchers make finding after looking for ways to lower the incidence of vehicle crashes Read original article on Rutgers Today, June 3, 2024 Rutgers University–New Brunswick researchers conducting a study at a high-traffic intersection in a Jersey Shore town...

Upcoming Events