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The Big Payoff: Educational Attainment and Synthetic Estimates of Work-Life Earnings. Special Studies. Current Population Reports.

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Title: The Big Payoff: Educational Attainment and Synthetic Estimates of Work-Life Earnings. Special Studies. Current Population Reports.
Language: English
Authors: Day, Jennifer Cheeseman, Newburger, Eric C., Bureau of the Census (DOC), Washington, DC. Economics and Statistics Administration.
Availability: For full text: http://www.census.gov/prod/2002pubs/p23-210.pdf.
Peer Reviewed: N
Page Count: 14
Publication Date: 2002
Document Type: Numerical/Quantitative Data
Reports - Research
Descriptors: Asian Americans, Associate Degrees, Bachelors Degrees, Blacks, College Graduates, Comparative Analysis, Doctoral Degrees, Educational Attainment, Employed Women, Estimation (Mathematics), Graduate Study, High School Graduates, High Schools, Higher Education, Hispanic Americans, Males, Masters Degrees, Outcomes of Education, Part Time Employment, Predictive Measurement, Professional Education, Racial Differences, Salary Wage Differentials, Sex Differences, Sex Role, Tables (Data), Trend Analysis
Abstract: Changes in the relationship between educational attainment and work-life earnings over the past 25 years were examined by using data from the Current Population Survey (CPS) to construct synthetic work-life earnings. CPS data collected in March 1998, 1999, and 2000 were analyzed by age, sex, full- or part-time work experience, race, Hispanic origin, and educational attainment groupings. The synthetic estimates were created by using the various study groups' 1-year annual earnings and summing age-specific average earnings for people aged 25-64 years. The resultant totals represent what individuals with the same educational level would expect to earn on average in 1999 dollars in a hypothetical 40-year working life. The following were among the key findings: (1) earnings increase with educational level, with average annual earnings ranging from $18,900 for high school dropouts to $25,900 for high school graduates, $45,400 for college graduates, and $99,300 for workers with professional degrees; (2) earnings differences by educational attainment compound over an individual's lifetime; (3) the educational gap between women and men is narrowing; and (4) educational attainment and work-life earnings vary by sex, race, and Hispanic origin. Detailed information about the study assumptions and limitations and the computational procedure are included. (Contains 10 tables/figures.) (MN)
EIS Cited: ED506465
Entry Date: 2003
Accession Number: ED467533
Database: ERIC
FullText Text:
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  Data: The Big Payoff: Educational Attainment and Synthetic Estimates of Work-Life Earnings. Special Studies. Current Population Reports.
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  Data: <searchLink fieldCode="AR" term="%22Day%2C+Jennifer+Cheeseman%22">Day, Jennifer Cheeseman</searchLink><br /><searchLink fieldCode="AR" term="%22Newburger%2C+Eric+C%2E%22">Newburger, Eric C.</searchLink><br /><searchLink fieldCode="AR" term="%22Bureau+of+the+Census+%28DOC%29%2C+Washington%2C+DC%2E+Economics+and+Statistics+Administration%2E%22">Bureau of the Census (DOC), Washington, DC. Economics and Statistics Administration.</searchLink>
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  Data: For full text: http://www.census.gov/prod/2002pubs/p23-210.pdf.
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  Data: N
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  Data: 14
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  Data: 2002
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  Data: Numerical/Quantitative Data<br />Reports - Research
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  Data: <searchLink fieldCode="DE" term="%22Asian+Americans%22">Asian Americans</searchLink><br /><searchLink fieldCode="DE" term="%22Associate+Degrees%22">Associate Degrees</searchLink><br /><searchLink fieldCode="DE" term="%22Bachelors+Degrees%22">Bachelors Degrees</searchLink><br /><searchLink fieldCode="DE" term="%22Blacks%22">Blacks</searchLink><br /><searchLink fieldCode="DE" term="%22College+Graduates%22">College Graduates</searchLink><br /><searchLink fieldCode="DE" term="%22Comparative+Analysis%22">Comparative Analysis</searchLink><br /><searchLink fieldCode="DE" term="%22Doctoral+Degrees%22">Doctoral Degrees</searchLink><br /><searchLink fieldCode="DE" term="%22Educational+Attainment%22">Educational Attainment</searchLink><br /><searchLink fieldCode="DE" term="%22Employed+Women%22">Employed Women</searchLink><br /><searchLink fieldCode="DE" term="%22Estimation+%28Mathematics%29%22">Estimation (Mathematics)</searchLink><br /><searchLink fieldCode="DE" term="%22Graduate+Study%22">Graduate Study</searchLink><br /><searchLink fieldCode="DE" term="%22High+School+Graduates%22">High School Graduates</searchLink><br /><searchLink fieldCode="DE" term="%22High+Schools%22">High Schools</searchLink><br /><searchLink fieldCode="DE" term="%22Higher+Education%22">Higher Education</searchLink><br /><searchLink fieldCode="DE" term="%22Hispanic+Americans%22">Hispanic Americans</searchLink><br /><searchLink fieldCode="DE" term="%22Males%22">Males</searchLink><br /><searchLink fieldCode="DE" term="%22Masters+Degrees%22">Masters Degrees</searchLink><br /><searchLink fieldCode="DE" term="%22Outcomes+of+Education%22">Outcomes of Education</searchLink><br /><searchLink fieldCode="DE" term="%22Part+Time+Employment%22">Part Time Employment</searchLink><br /><searchLink fieldCode="DE" term="%22Predictive+Measurement%22">Predictive Measurement</searchLink><br /><searchLink fieldCode="DE" term="%22Professional+Education%22">Professional Education</searchLink><br /><searchLink fieldCode="DE" term="%22Racial+Differences%22">Racial Differences</searchLink><br /><searchLink fieldCode="DE" term="%22Salary+Wage+Differentials%22">Salary Wage Differentials</searchLink><br /><searchLink fieldCode="DE" term="%22Sex+Differences%22">Sex Differences</searchLink><br /><searchLink fieldCode="DE" term="%22Sex+Role%22">Sex Role</searchLink><br /><searchLink fieldCode="DE" term="%22Tables+%28Data%29%22">Tables (Data)</searchLink><br /><searchLink fieldCode="DE" term="%22Trend+Analysis%22">Trend Analysis</searchLink>
– Name: Abstract
  Label: Abstract
  Group: Ab
  Data: Changes in the relationship between educational attainment and work-life earnings over the past 25 years were examined by using data from the Current Population Survey (CPS) to construct synthetic work-life earnings. CPS data collected in March 1998, 1999, and 2000 were analyzed by age, sex, full- or part-time work experience, race, Hispanic origin, and educational attainment groupings. The synthetic estimates were created by using the various study groups' 1-year annual earnings and summing age-specific average earnings for people aged 25-64 years. The resultant totals represent what individuals with the same educational level would expect to earn on average in 1999 dollars in a hypothetical 40-year working life. The following were among the key findings: (1) earnings increase with educational level, with average annual earnings ranging from $18,900 for high school dropouts to $25,900 for high school graduates, $45,400 for college graduates, and $99,300 for workers with professional degrees; (2) earnings differences by educational attainment compound over an individual's lifetime; (3) the educational gap between women and men is narrowing; and (4) educational attainment and work-life earnings vary by sex, race, and Hispanic origin. Detailed information about the study assumptions and limitations and the computational procedure are included. (Contains 10 tables/figures.) (MN)
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      – Text: English
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        PageCount: 14
    Subjects:
      – SubjectFull: Asian Americans
        Type: general
      – SubjectFull: Associate Degrees
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      – SubjectFull: Bachelors Degrees
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      – SubjectFull: Doctoral Degrees
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      – SubjectFull: Educational Attainment
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      – SubjectFull: Employed Women
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      – SubjectFull: Estimation (Mathematics)
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      – TitleFull: The Big Payoff: Educational Attainment and Synthetic Estimates of Work-Life Earnings. Special Studies. Current Population Reports.
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