Emily Badger shares news of a new study finding that "college graduates in America aren't simply gaining access to higher wages. They're gaining access to high-cost cities like New York or San Francisco that offer so much more than good jobs: more restaurants, better schools, less crime, even cleaner air."
The study is by Stanford economist Rebecca Diamond, who explores "economic well-being inequality." Diamond is quoted in the story explaining the difference this metric makes: "With wage inequality, you could just observe the average wage of a college graduate, and the average wage of a high school graduate….But then on top of that, college graduates also live in the nicest cities in the country. They’re getting more benefits, even net of fact that they’re paying higher housing costs."