ERIC Number: ED381685
Record Type: RIE
Publication Date: 1995-Apr
Annual Earnings of Young Adults. Indicator of the Month.
National Center for Education Statistics (ED), Washington, DC.
Wages and salaries are influenced by many factors, including the employer's perception of the productivity and the availability of workers with different levels of education. They are also affected by economic conditions in the industries that typically employ workers with different levels of education. The ratio of annual earnings of high school dropouts or college graduates to those of high school graduates is affected by all of these factors. Some highlights of the education/earning statistics from the Current Population Survey include the following: (1) in 1992, the median annual earnings of whites who had not completed high school were about 75 percent of the earnings of whites who had completed high school, and the earnings ratio between black graduates and dropouts was about 67 percent; (2) since 1970, the earnings advantage of college graduates was generally greater for females than for males--that is, the percentage of difference between earnings of college graduates and high school graduates was greater for females than for males; (3) the earnings advantage of completing college increased between 1974 and 1992 for males and females, both white and black; (4) the earnings advantage of having a bachelor's degree was more than double the earnings advantage of having attended only some college in 1992; and (5) the earnings of white male college graduates were approximately 150 percent that of white high male high school graduates in 1992, whereas the earnings of black male college graduates were about 180 percent that of black male high school graduates in 1992. (KC)
Publication Type: Numerical/Quantitative Data
Education Level: N/A
Authoring Institution: National Center for Education Statistics (ED), Washington, DC.
Grant or Contract Numbers: N/A