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Showing posts from April, 2020

Education vs Investment - Lifetime Earnings

Lifetime earnings is another way to investigate the commercial advantage that tertiary education can bring. I prefer this measure to wage gaps because career-income paths are not smooth for everyone. From the Social Security Administration in 2015: After controlling for key socio-demographic variables that influence earnings and the probability of college completion, the differences in lifetime earnings by educational attainment are reduced, but still substantial. Regression estimates show that men with bachelor's degrees would earn $655,000 more in median lifetime earnings than high school graduates. Women with a bachelor's degrees would earn $450,000 more in median lifetime earnings than high school graduates.