Economics in the Real World Popn and YRFT workers, '99Popn TotalEmp’d% YRFT emp'd% YRFT med $ 21 to 64 years159m117m73.586m5432,717 Earnings in the US.

Slides:

Advertisements

Similar presentations

The College Earnings Premium Source: Carnevale, Jayasundera, and Cheah (2013)

Advertisements

Graduate Destinations... Is HE still worth it? Gemma Ludgate Head of C2 Education The Careers Group University of London.

THE ECONOMIC RETURN ON INVESTMENTS IN HIGHER EDUCATION: Understanding The Internal Rate of Return Presentation OISE, HEQCO, MTCU Research Symposium Defining.

Western New York Region Census 2000 Western New York Region Census 2000.

A Measure of Equity Caryn McTighe Musil The Association of American Colleges and Universities CCAS Conference – New Orleans Gender Issues Breakfast November.

The Rising Price of a College Education Sandy Baum Michael McPherson Skidmore College & The Spencer Foundation The College Board The College Board College.

9th March 2011University of Sheffield1 Higher education returns and effects of ability composition 1.Motivation Increased higher education participation.

Diversifying the STEM Pipeline Darris W. Williams Program Coordinator – LSAMP Onondaga Community College.

Higher Education: evidence on student outcomes May 2011 Robin Naylor Economics, Warwick 1Festival of Social Sciences 18th May 2011.

Chapter 32 Education Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin.

March 10th 2010Lancaster1 Higher education returns and effects of ability composition 1.Motivation Increased higher education participation is likely to.

Robin NaylorPPE Society 30 th November Socio-economic Mobility and Higher Education 1.Some evidence on inter-generational mobility 2.The role of.

Ch. 9. Investments in Human Capital: Education and Training What are the costs and benefits of obtaining a college degree? What factors affect the number.

© 2007 Arizona State University The Value of a College Education Why Finish Your Degree? Arthur Blakemore, Ph.D. Chair, Department of.

March 17th 2010Nottingham1 Higher education returns and effects of ability composition 1.Motivation Increased higher education participation is likely.

Earnings and Discrimination Chapter 19 Copyright © 2001 by Harcourt, Inc. All rights reserved. Requests for permission to make copies of any part of the.

© 2007 Arizona State University The Economic Value of a College Degree $1 Million … And More Arizona State University Last updated

Education Pays Education Pays.

1 Education Attainment. 2 Percent of Adults Age with a High School Diploma, 2005 (Estimates and 90% Confidence Intervals) Source: U.S. Census Bureau,

Math , 1.2, 1.3 – Graphs and Exponents 1. The following is called a ___________. 2 Source:

Dr. Phil Pepper State Economist Assistant Commissioner of Research and Planning SYSTEM STRATEGIC INITIATIVE SUMMIT.

Enter your presentation and contact information here Breaking with Tradition: Adult Learners are Essential to Illinois’ 60X25 Goal For more information,

Labor, Employment, and Wages Warm Up: 1.How many of you are interested in the amount of money you will earn on a job? 2.Why is it that professional athletes.

New York State’s Labor Force Drivers Presented by Kevin Jack, Statewide Labor Market Analyst August 2008.

Earnings are the Key to Student Debt Mark Schneider President, College Measures Vice President, AIR.

Annual Conference May 19 – 22, 2015 St. Augustine, FL.

The Changing Economic Advantage from Private School* Francis Green *Talk based on: Green, F., S. Machin, R. Murphy and Y. Zhu (2010). The Changing Economic.

Reducing Disparities: Mississippi’s Future Depends on it Mississippi ARC Actively Reaching Communities Fall Conference 2011.

Lifetime Advantages of Degree Completion Presented by: Lauren Hubacheck, Director of Career Services, Salem State University.

A. in a museum B. in a college C. in a radio station.

Think of a job that you plan on having in the future. Describe the job and education that is needed and what type of salary do you hope to have once you.

Ch. 9. Investments in Human Capital: Education and Training What are the costs and benefits of obtaining a college degree? What factors affect the number.

SCHOOL IS A JOB How Education Pays During Your Lifetime Presentation.

Steps to Success (Median earnings of full-time wage and salary workers) Source: http://stats.bls.gov.

Graduate Destinations... Is HE still worth it? Gemma Ludgate Head of C2 Education The Careers Group University of London.

Education and Life time wage potential Chapter 9 Part 2.

Is the Science and Engineering Workforce Drawn from the Far Upper Tail of the Math Ability Distribution? Catherine Weinberger UC Santa Barbara

SCHOOL IS A JOB. Education Earnings Source: Education Pays 2004, College Board.

1 Diana Furchtgott-Roth Senior Fellow and Director of Center for Employment Policy, Hudson Institute March 21, 2006.

ECONOMIC & LABOR MARKET CHARACTERISTICS & PROJECTIONS Pam Bodwell EVT 7066 Foundations of Career & Workforce Education University of South Florida October,

Slide Stack Women and Higher Education in Utah: A Glimpse at the Past and Present Research and Policy Brief May 25, 2010 Slides and Notes Brief found at.

Education and Life time wage potential Chapter 9 Part 2.

Success Strategies for the Knowledge Economy Preparing for a bright future. Ohio...

1 Challenging Times Bringing into focus PA’s support of the Pennsylvania State System of Higher Education Fall 2004.

College Forward October 22, SAT Word of the Day ACQUIESCE ~ to give in; surrender. "Because I was very polite but persistent, my parents acquiesced.

Tertiary Education Systems and Labour Markets Report prepared for the OECD Stephen Machin* and Sandra McNally** 1 December 2006 *Centre for Economic Performance,

MATH 110 Sec 14.1 Statistics-Organizing & Visualizing Data Practice Exercises The following bar graph compares women’s and men’s hourly wages in a recent.

Education in the Past Over the past 25 years, technological advancement has increased the need for highly educated workers. Women saw their employment.

Learn More, Earn More.

Who Works Minimum Wage Jobs? 1. Who Works Minimum Wage Jobs (U.S.) Federal minimum wage is $7.25 per hour (since 2009). Nationally, 2,992,000 workers.

5 Ways Ed Pays How a college education can help you lead a better life.

Ch. 9. Investments in Human Capital: Education and Training What are the costs and benefits of obtaining a college degree? What factors affect the number.

Micro Chapter 13 Earnings, Productivity, and the Job Market.

I Source: U.S. Census Bureau Analysis by Kentucky Population Research, State Data Center, University of Louisville.

Ch. 9. Investments in Human Capital: Education and Training What are the costs and benefits of obtaining a college degree? What factors affect the number.

Georgia Academy for Economic Development Fall Examine the Data for Education in Georgia 2.Economic Impact of Georgia Non-Graduates 3.Strengthening.

East Central Georgia Consortium February 9, Examine the Data for Education in Georgia 2.Economic Impact of Georgia Non-Graduates 3.Strengthening.

Value of Education Mr. Hernandez. What does Education mean? Finishing Clark Middle Finishing Clark Middle Graduating from High School Graduating from.

Virginia Profile of Adult Learning Adults with No High School Diploma (%) Age Age Speak English Poorly or Not at All – Age 18 to 64 (%) High.

21 June 2014ESPE 2014 Braga1 Graduate returns, HE expansion and ability composition Based on joint work with Jeremy Smith and Shqiponja Telhaj Motivation.

©2012 The McGraw-Hill Companies, All Rights Reserved Chapter 34 Education.

The pay gap is a comparison between women’s and men’s typical earnings. It can be compared by weekly earnings or annual earnings. The national pay gap.

Is Education a Good Investment?

Earnings and Discrimination

The Value of an education

The Economic Value of a College Degree

Stephen Machin* and Sandra McNally** 1 December 2006

EDUCATION AND ECONOMIC POWER

The Benefits of Education

The Handy Dandy Guide 1. People choose. 2. People’s choices always have costs. 3. People respond to incentives in predictable ways. 4. People create economic.

Presentation transcript:

Economics in the Real World Popn and YRFT workers, '99Popn TotalEmp’d% YRFT emp'd% YRFT med $ 21 to 64 years159m117m73.586m5432,717 Earnings in the US (2000 Census data) ESRC Festival of Social Science, CAGE, 6/11/12 1 Let’s consider how employment and median earnings vary by education level... (and then by age as well)... Source:

ESRC Festival of Social Science, CAGE, 6/11/12 2 Popn and YRFT workers, 1999, aged 21-64total no.dist %Employed%YRFT emp'd% YRFT med $ Not a high school graduate19,543, ,109,190526,528, ,332 High school graduate44,071, ,150, ,102, ,351 Some college48,530, ,571, ,232, ,988 Bachelor degree26,875, ,288, ,008, ,877 Advanced degree13,901,140911,986,215869,319, ,242 Higher employment rate for those with more education Higher median earnings for those with a degree: College Wage Prem=57% 17% have a bachelor degree

ESRC Festival of Social Science, CAGE, 6/11/12 3 $

4 Earnings rise with Education for all age groups but especially in later years. “The Jam is thicker tomorrow.” $

Previously, we said that the (raw) college wage premium in the US is 57%. What is the evidence for the UK? Blundell et al. (EJ, 2000): 12% men, 34% women (rel. to 2+ A-levels, aged 33 in 1991). Naylor and Smith: circa 15% for both men and women (rel. to 2+ A-levels, aged 30 in 2000), but... Substantial variation. Eg by academic attainment; ca12% for 2.2 or below, ca18% for 2.1 or above. ESRC Festival of Social Science, CAGE, 6/11/12 5

Conclusion HE is an expensive investment But it’s worth it and the more so the more effort you put in to it. PS Do ‘shop around’! Robin Naylor Department of Economics University of Warwick ESRC Festival of Social Science, CAGE, 6/11/12 6