EDUCATION
Education: Five Times the Effect on Work-Life Earnings than Other Demographic Factors
effect on earnings over a 40-year span (“work-life”)in the workforce than any other demographic factor, such as gender, race and Hispanic origin. For example, a
A
ccording to a new U.S. Census Bureau study, education levels had more of an
worker with a professional degree is ex- pected to make more money than a worker with an eighth grade education or lower. Some groups, such as non-Hispanic white males, Asian males and Asian fe- males, benefit more from higher levels of
education than other groups over a 40-year career for those with a professional degree. White males with a professional degree make more than double (about $2.4 million more) than that of Hispanic females with the same level of education. (Note: Hispanics may be any race. All references in
this news release to race
groups such as black or white exclude His- panic members of the race group in ques- tion; that is, all are “non-Hispanic.”) Many factors, such as race and Hispanic
origin, gender, citizenship, English-speak- ing ability and geographic location do in- fluence work-life earnings, but none had as much impact as education. The estimated impact on annual earnings between a pro- fessional degree and an eighth grade edu- cation was about $72,000 a year, roughly five times the impact of gender, which was $13,000. These findings come from the report Education and Synthetic Work-Life Earn- ings, which looks at the economic value of educational attainment by estimating the amount of money that people might earn over the course of a 40-year work-life, giv- en their level of education. The report also looks at the effect of other factors, such as race and gender groups and other charac- teristics with regard to this relationship. “This analysis shows that there is a clear
and well-defined relationship between edu- cation and earnings,” said Tiffany Julian, an analyst in the Census Bureau’s Housing and Household Economic Statistics Divi- sion. “The overall economic value of edu- cational attainment in this report supports the belief that higher levels of education are well-established paths to better jobs and higher earnings.”
Other highlights: Overall, white males had higher earn- ings than any other group at every educa-
40 HISPANIC NETWORK MAGAZINE Celebrating 19 Years of Diversity
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