Answer the question.

Part I: Estimate the Value of a College Education. Before we calculate the value of a college education, let's make an estimate. Don't use the chart in the article, think how you expect the value of college to be. Without researching the costs, please answer the three questions below. Be prepared to discuss these answers. Remember, these are simply estimates. It is less important that your answers are correct, and more about how you arrived at your answers. The process is the most important part so be sure to explain your thoughts in great detail. Estimate the quantitative (in dollars) value of a college education? How much money is it worth? * Your answer How did you arrive at your answer? Explain your thought process in 4-5 sentences. * Your answer What other value does college have besides in dollars? * Your answer Don't use the chart in the article below, think how you expect the return on college to be. Do you think the pandemic effects will make a difference in the return to college education? Positive or negative? Why or why not? How much more value are you creating for yourself over a 40year career by completing college than starting college but not finishing? Please show your work. * Your answer Part III: Reflection Now check out the charts and story here: mpszlllibertystreeteconomics.newyorkfed.org/2014lO9/thevalueofacolleg<: greehtmlffyadwbbdew how do you value a college education now what is your initial reaction to seeing the of emotion did feel surprise frustration happiness explain answer. answer estimation compare actual why think some much closer high school diploma than bachelor degree does this change views on whether smart investment if yes. why. no not. jaison r. abel and richard deitz post rst in series four liberty street economics posts examining degree. not so long ago people rarely questioned was seen as surere ticket career-oriented good- paying job. today however many are uncertain going such wise decision. it easy see tuition costs have been rising considerably faster ination student debt mounting wages for graduates falling recent struggling nd good jobs. these trends might lead one believe that longer investment. but when dig into data really true week we examine four-part blog series. first basic math show despite appears be set alarming average graduate has held near its all- time about more decade. estimate measure benefits graduatecalculations outlined detail appropriate caveats our article new york fed current issues fees paid by undergraduates plus or gives up while estimated someone with only diploma. benet wage premium extra can expect earn having obtained compared those summed over working life forty years. come dollar gure use concept net present npv captures ow benets time. during years result negative cash followed positive received career taking money account future at standard rate percent because earned worth less hand chart below plots between calculated using methodology expressed constant dollars. fell from early before tripling nearly late where remained ever since. drifting down somewhat aftermath great recession all-time high. thousands dollars sources: u.s. census bureau labor statistics population survey march supplement department digest board pricing aid consumer price index. notes: figures expresed shaded areas indicate periods designated recessions national economic research. another way assess takes break even upfront here discounted flows feed calculation determine year which sum annual turns positive. number required recoup cost note: fallen substantially twenty ten challenges facing low. course possible part isn driven skills an individual acquires college: who may simply differ their innate abilities don obtain maybe would higher they had never gone college. separating out two effects research studies extremely difficult. still rule possibility type selection work seems likely least remains substantial. primary reason also reducing opportunity keeping estimates make seem like always pays handsomely case everyone. next will look happens five six complete instead four. third distribution actually appear off sizable fraction made wrap final there any signs improvement market>