ERIC Number: ED524299
Record Type: Non-Journal
Publication Date: 2011
Pages: 36
Abstractor: ERIC
ISBN: N/A
ISSN: N/A
EISSN: N/A
Available Date: N/A
The College Payoff: Education, Occupations, Lifetime Earnings
Carnevale, Anthony P.; Rose, Stephen J.; Cheah, Ban
Georgetown University Center on Education and the Workforce
A college degree pays off--but by just how much? In this report from the Georgetown University Center on Education and the Workforce, the authors examine just what a college degree is worth--and what else besides a degree might influence an individual's potential earnings. This report examines lifetime earnings for all education levels and earnings by occupation, age, race/ethnicity, and gender. The data are clear: a college degree is key to economic opportunity, conferring substantially higher earnings on those with credentials than those without. A 2002 Census Bureau study estimated that in 1999, the average lifetime earnings of a Bachelor's degree holder was $2.7 million (2009 dollars), 75 percent more than that earned by high school graduates in 1999. Today, the authors find similar numbers--but since 1999, the premium on college education has grown to 84 percent. In other words, over a lifetime, a Bachelor's degree is worth $2.8 million on average. The authors present their findings in dollar totals over a career, which is defined as being a full-time, full-year worker from 25 to 64 years old. Lifetime Earnings by Educational Attainment and Occupation are appended. (Contains 11 tables, 6 figures and 5 footnotes.) [For "The College Payoff: Education, Occupations, Lifetime Earnings. Executive Summary," see ED524300.]
Descriptors: Educational Attainment, Education Work Relationship, Economic Opportunities, High School Graduates, Data, Occupations, Age, Race, Ethnicity, Sex, Data Interpretation, Context Effect, Fiscal Capacity, Differences
Georgetown University Center on Education and the Workforce. 3300 Whitehaven Street NW Suite 5000 Box 571444, Washington, DC 20057. Tel: 202-687-4922; Fax: 202-687-3110; e-mail: cewgeorgetown@georgetown.edu; Web site: http://cew.georgetown.edu
Publication Type: Numerical/Quantitative Data; Reports - Evaluative
Education Level: Adult Education
Audience: N/A
Language: English
Sponsor: Lumina Foundation for Education; Bill and Melinda Gates Foundation
Authoring Institution: Georgetown University, Center on Education and the Workforce
Grant or Contract Numbers: N/A
Author Affiliations: N/A