1. Educational Attainment of the U.S. Population Over Age 25
Year
HS Graduate or better
College Graduate or Better
1940
24.1%
4.6%
1950
33.4%
6.0%
1960
41.1%
7.7%
1970
52.3%
10.7%
1980
66.5%
16.2%
1990
77.6%
21.3%
2000
84.1%
25.6%

2. Educational Expenditures for Elementary and Secondary Education
Year
Expenditures per Pupil
1940
$1,038
1950
$1,482
1960
$1,996
1970
$2,744
1980
$4,632
1990
$6,355
2000
$7,066
Constant 2000 Dollars

4. Other goods spending
ICX
ICY
ICZ EF
Education spending

5. Other goods
ICX
ICY
ICZ EF
Education spending

8. Average teacher wage
Education quality isoquant
Number of teachers

9. Average teacher wage
Education quality isoquant
Number of teachers

10. Average teacher wage
Number of teachers

11. Mean Earnings by Highest Degree Earned, 2003
Level of Education
Mean Earnings
High school dropout
$18,734
High school graduate
$27,915
Some college, no degree
$29,533
Associate degree
$35,958
Bachelor's degree
$51,206
Master's degree
$62,514
Professional degree
$115,212
 Doctoral degree
$88,471