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Copy of college_premium - 1999 47.9% 41.5%-22.8%-20.9% 2000...

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Estimated wage premium for college and high school graduates, 1973-2005 Estimated Wage Premium* College-High School Female Male Female Male 1973 37.7% 25.3% -20.8% -18.2% 1974 34.5% 24.8% -19.1% -18.3% 1975 35.2% 25.2% -20.2% -20.1% 1976 31.6% 25.3% -21.7% -18.8% 1977 29.7% 22.3% -18.8% -18.2% 1978 29.2% 21.0% -19.3% -18.4% 1979 26.5% 20.1% -17.6% -18.0% 1980 27.5% 21.5% -17.6% -17.8% 1981 27.7% 22.4% -17.3% -18.5% 1982 28.4% 24.5% -19.5% -19.4% 1983 30.5% 26.3% -19.3% -20.6% 1984 32.7% 28.5% -20.0% -19.9% 1985 34.5% 30.1% -21.5% -20.0% 1986 36.5% 32.3% -22.2% -19.8% 1987 38.1% 34.0% -21.7% -19.8% 1988 38.9% 34.8% -21.3% -18.9% 1989 41.0% 33.9% -20.9% -18.1% 1990 43.1% 35.4% -21.3% -18.3% 1991 41.8% 35.3% -20.5% -18.6% 1992 43.7% 36.9% -20.3% -18.1% 1993 44.2% 37.5% -20.8% -17.9% 1994 46.2% 37.3% -22.2% -20.9% 1995 46.7% 37.1% -23.0% -21.0% 1996 45.3% 36.7% -22.8% -21.0% 1997 46.1% 38.1% -22.0% -22.0% 1998 46.8% 40.3% -22.9% -20.3%
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Unformatted text preview: 1999 47.9% 41.5%-22.8%-20.9% 2000 47.9% 42.0%-22.8%-20.6% 2001 47.9% 42.7%-21.6%-21.1% 2002 46.7% 42.1%-22.3%-19.8% 2003 46.1% 41.5%-21.3%-19.7% 2004 45.9% 41.6%-22.6%-19.4% 2005 47.1% 43.1%-22.4%-19.3% *Differential based on a regression of log hourly wages on education categories, age as a quartic, race, marital status, region and ethnicity. For instance, the college-high school premium is the percentage by which college graduates (bachelors degree, only) earn higher houly wages than high school graduates, other things equal. Estimates were made on the CPS ORG data as described in Appendix B and presented in Table 3.16 Less Than High School-High School Source: The State of Working America 2006-07, figure 3M....
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This note was uploaded on 06/17/2009 for the course ECON 20091_ECO taught by Professor Mohammadsafarzadeh during the Fall '09 term at USC.

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