Higher Education: An International Perspective
Economic theory predicts that human capital investment will be highest for younger workers, and cross-country comparisons bear this out. The pattern is particularly pronounced in the U.S., where 35% of students enrolling in college are between the ages of 18 and 21, compared to 10% between the ages of 26 and 29. Germany is something of an exception: The share of its college students aged 18 to 21 is nearly identical to the share aged 26 to 29.
Suggested citation: “Higher Education: An International Perspective,” Federal Reserve Bank of Cleveland, Economic Trends, no. 97-11, pp. 13, 11.01.1997.