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Life time wage potential Chapter 9 Part 2

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Education and Life time wage potential. Chapter 9 Part 2. Human Capital. Human Capital is similar to Physical Capital but there are some Important Differences Nonpecuniary (non-monetary) issues The utility derived from attending School The utility of working in an office vs. outdoors. - PowerPoint PPT Presentation

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Page 1: Education and Life time wage potential

Education and Life time wage potential

Chapter 9

Part 2

Page 2: Education and Life time wage potential

Human Capital

Human Capital is similar to Physical Capital but there are some Important Differences– Nonpecuniary (non-monetary) issues

• The utility derived from attending School• The utility of working in an office vs. outdoors

Page 3: Education and Life time wage potential

Human Capital

– It is more difficult to finance human capital than it is to finance physical capital

• Why?

Page 4: Education and Life time wage potential

Educational Attainment of the Population by Gender: 1970, 1999, and 2003 (Ages 26-64)*

1970 1999 2003Education

LevelMale (%)

Female (%)

Male (%)

Female (%)

Male (%)

Female (%)

< 4 yrs of H.S. 39.3 38.2 13.6 12.5 16.2 15.6

H. S. 33.5 42.3 32.2 33.8 31.0 33.1

Some College 11.9 10.5 25.4 27.5 24.3 26.2

>4 yrs of College 15.3 9.0 28.8 26.2 28.5 25.1

Total 100.0 100.0 100.0 100.0 100.0 100.0

* 2003 is for figures 25 or older

Page 5: Education and Life time wage potential

Educational Attainment of the Population by Gender, Race, and Hispanic Origin 1999

(ages 26-64)

Education

Level

Percent

Whites Blacks Hispanic

Male Female Male Female Male Female

< 4 yrs of H.S. 13.0 11.6 18.4 17.5 41.9 40.4

H. S. 31.8 34.1 39.8 35.1 28.2 27.6

Some College 25.3 27.5 26.4 29.5 18.9 20.0

>4 yrs of College 29.8 26.8 15.3 18.0 11.0 12.0

Total 100.0 100.0 100.0 100.0 100.0 100.0

Page 6: Education and Life time wage potential

87.7

34.9

87.7

36.0

86.1

31.7

82.1

31.8

80.0

29.0

77.3

26.3

83.8

32.2

0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

80.0

90.0

Pe

rce

nt

Atlanta Boston Chicago Dallas Houston Los Angeles New York

Metropolitan Area

Completed High School

Bachelor's degree or more

Educational Attainment of All Individuals 25years old or older by Metropolitan Area (Percent) (M arch 2002)

Page 7: Education and Life time wage potential

88.2

32.2

87.9

36.9

86.6

31.5

82.1

27.8

81.3

28.0

76.4

23.7

83.2

30.4

0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

80.0

90.0

Per

cen

t

Atlanta Boston Chicago Dallas Houston LosAngeles

New York

Metropolitan Area

Female Educational Attainment for Individuals by 25 year or older by Metropolitan Area (Percent) (March 2002)

Completed High School

Bachelor's degree or more

Page 8: Education and Life time wage potential

87.2

37.7

87.9

36.9

85.7

31.9

82.2

34.7

78.8

30.1

78.3

29.0

84.5

34.2

0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

80.0

90.0

Pe

rce

nt

Atlanta Boston Chicago Dallas Houston LosAngeles

New York

Metropolitan Area

Male Educational Attainment for Indivuals 25 years old and older by Metropolitan Area (Percent) (M arch 2002)

Completed High School

Bachelor's degree or more

Page 9: Education and Life time wage potential

59.0

15.9

62.2

11.5

59.1

9.6

41.5

11.2

46.9

8.3

50.8

6.7

62.8

13.2

0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

Pe

rce

nt

Atlanta Boston Chicago Dallas Houston LosAngeles

New York

Metropolitan Area

Educational Attainment of Hispanic 25years old or older by Metropolitan Area (Percent ) (March 2002)

Completed High School

Bachelor's degree or more

Page 10: Education and Life time wage potential

86.6

25.5

75.1

18.4

80.5

18.6

84.9

17.7

80.4

17.2

86.2

22.7

75.6

18.4

0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

80.0

90.0

Pe

rce

nt

Atlanta Boston Chicago Dallas Houston LosAngeles

New York

Metropolitan Area

Educational Attainment of Blacks 25 years or older by Metropolitan Area (Percent) (March 2002)

Completed High School

Bachelor's degree or more

Page 11: Education and Life time wage potential

84.9

53.1

92.7

61.9

89.3

62.2

84.7

56.8

90.9

48.8

84.6

49.8

0

10

20

30

40

50

60

70

80

90

100

Pe

rce

nt

Atlanta Boston Chicago Dallas Houston LosAngeles

New York

Metropolitan Areas

Completed HighSchool

Bachelor's degree ormore

Educational Attainment of Asian/Pacific Islanders 25 years or older by Metropolitan Area (Percent) (March 2002)

Page 12: Education and Life time wage potential

90.0

39.7

90.0

37.6

92.5

37.3

92.3

37.1

94.2

38.6

92.4

36.1

90.4

37.7

0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

80.0

90.0

100.0

Pe

rce

nt

Atlanta Boston Chicago Dallas Houston LosAngeles

New York

Metropolitan Area

Completed High School

Bachelor's degree or more

Educational Attainment of Non-Hispanic Whites 25 years or older by Metropolitan Area (Percent) (M arch 2002)

Page 13: Education and Life time wage potential

82.1

31.8

82.2

34.7

82.1

27.841.5

11.2

84.9

17.7

89.3

62.2

92.3

37.1

0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

80.0

90.0

100.0

Pe

rce

nt

All Individuals ..Male ..Female ..Hispanic ..Black ..Asian/Pacific

Islander

..Non-Hispanic

White

Individual Groups

Educational Attainment of Different Groups of Individuals 25 yrs old or Older in the Dallas-Ft. Worth Metropolitan Area

(Percent) (March 2002)Completed High School

Bachelor's degree or more

Page 14: Education and Life time wage potential

Distribution of Employment by Gender/Race by Education Achievement: Male (percent)

Total Employed

Mgmt/

Pro.

Tech/

Sales/

Admin

ServicePrecision

Prod.

Oper.

Fabric.

Farm

Forst

Fish

Male 58326 31.16% 18.83% 8.54% 19.73% 18.27% 3.46%

<HS 6776 5.45% 7.04% 13.12% 27.63% 37.03% 9.73%

HS 18581 11.90% 16.37% 10.20% 28.84% 28.66% 4.03%

<CL 15007 23.96% 25.01% 10.38% 22.91% 15.15% 2.60%

CL 17961 66.81% 20.67% 3.54% 4.69% 3.06% 1.23%

White 49886 32.33% 18.84% 7.47% 20.49% 17.18% 3.68%

<HS 5734 5.72% 7.13% 11.82% 28.99% 36.12% 10.22%

HS 15757 12.69% 16.47% 8.58% 30.65% 27.36% 4.25%

<CL 12756 25.29% 24.84% 9.31% 23.75% 13.90% 2.90%

CL 15639 67.63% 20.63% 3.25% 4.48% 2.67% 1.34%

Black 5702 18.91% 17.38% 16.13% 15.92% 29.48% 2.16%

<HS 752 3.19% 5.32% 18.35% 19.55% 46.28% 7.31%

HS 2206 6.53% 14.51% 19.17% 18.54% 38.85% 2.45%

<CL 1655 16.19% 24.53% 17.10% 17.22% 24.23% 0.73%

CL 1088 59.01% 20.68% 6.99% 6.25% 6.80% 0.28%

Page 15: Education and Life time wage potential

MG

T/P

RO

TE

C/S

AL

/AD

M

SE

RV

ICE

PR

E/P

RO

D

OP

/FA

B

F/F

/F

<HSHS

<CLCL

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

Percent

Job Type

Education Level

All Males Employment Distribution According To Educational Level

<HS

HS

<CL

CL

Page 16: Education and Life time wage potential

Distribution of Employment by Gender/Race by Education Achievement: Male (percent)

Total Employed

Mgmt/

Pro.

Tech/

Sales/

Admin

ServicePrecision

Prod.

Oper.

Fabric.

Farm

Forst

Fish

Male 58326 31.16% 18.83% 8.54% 19.73% 18.27% 3.46%

<HS 6776 5.45% 7.04% 13.12% 27.63% 37.03% 9.73%

HS 18581 11.90% 16.37% 10.20% 28.84% 28.66% 4.03%

<CL 15007 23.96% 25.01% 10.38% 22.91% 15.15% 2.60%

CL 17961 66.81% 20.67% 3.54% 4.69% 3.06% 1.23%

White 49886 32.33% 18.84% 7.47% 20.49% 17.18% 3.68%

<HS 5734 5.72% 7.13% 11.82% 28.99% 36.12% 10.22%

HS 15757 12.69% 16.47% 8.58% 30.65% 27.36% 4.25%

<CL 12756 25.29% 24.84% 9.31% 23.75% 13.90% 2.90%

CL 15639 67.63% 20.63% 3.25% 4.48% 2.67% 1.34%

Black 5702 18.91% 17.38% 16.13% 15.92% 29.48% 2.16%

<HS 752 3.19% 5.32% 18.35% 19.55% 46.28% 7.31%

HS 2206 6.53% 14.51% 19.17% 18.54% 38.85% 2.45%

<CL 1655 16.19% 24.53% 17.10% 17.22% 24.23% 0.73%

CL 1088 59.01% 20.68% 6.99% 6.25% 6.80% 0.28%

Page 17: Education and Life time wage potential

MG

T/P

RO

TE

C/S

AL/

AD

M

SE

RV

ICE

PR

E/P

RO

D

OP

/FA

B

F/F

/F

<HSHS

<CLCL

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

Percent

Job Type

Education Level

White Males Employment Distribution According To Education Level

<HS

HS

<CL

CL

Page 18: Education and Life time wage potential

Distribution of Employment by Gender/Race by Education Achievement: Male (percent)

Total Employed

Mgmt/

Pro.

Tech/

Sales/

Admin

ServicePrecision

Prod.

Oper.

Fabric.

Farm

Forst

Fish

Male 58326 31.16% 18.83% 8.54% 19.73% 18.27% 3.46%

<HS 6776 5.45% 7.04% 13.12% 27.63% 37.03% 9.73%

HS 18581 11.90% 16.37% 10.20% 28.84% 28.66% 4.03%

<CL 15007 23.96% 25.01% 10.38% 22.91% 15.15% 2.60%

CL 17961 66.81% 20.67% 3.54% 4.69% 3.06% 1.23%

White 49886 32.33% 18.84% 7.47% 20.49% 17.18% 3.68%

<HS 5734 5.72% 7.13% 11.82% 28.99% 36.12% 10.22%

HS 15757 12.69% 16.47% 8.58% 30.65% 27.36% 4.25%

<CL 12756 25.29% 24.84% 9.31% 23.75% 13.90% 2.90%

CL 15639 67.63% 20.63% 3.25% 4.48% 2.67% 1.34%

Black 5702 18.91% 17.38% 16.13% 15.92% 29.48% 2.16%

<HS 752 3.19% 5.32% 18.35% 19.55% 46.28% 7.31%

HS 2206 6.53% 14.51% 19.17% 18.54% 38.85% 2.45%

<CL 1655 16.19% 24.53% 17.10% 17.22% 24.23% 0.73%

CL 1088 59.01% 20.68% 6.99% 6.25% 6.80% 0.28%

Page 19: Education and Life time wage potential

M

GT

/PR

O

TE

C/S

AL/

AD

M

SE

RV

ICE

PR

E/P

RO

D

OP

/FA

B

F/F

/F

<HSHS

<CLCL

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

Percent

Job TypeEducation Level

Black Males Employment Distribution According To Education Level

<HS

HS

<CL

CL

Page 20: Education and Life time wage potential

Distribution of Employment by Gender/Race by Education Achievement: Female (percent)

Total Employ

ed

Mgmt/

Pro.

Tech/

Sales/

Admin

ServicePrecision

Prod.

Oper.

Fabric.

Farm

Forst

Fish

Female 49805 34.98% 38.88% 15.45% 2.15% 7.51% 1.03%

<HS 4129 5.98% 20.71% 40.32% 4.48% 25.50% 3.00%

HS 16177 14.46% 47.46% 21.60% 3.12% 11.75% 1.25%

<CL 14704 29.13% 50.18% 13.73% 1.88% 4.30% 0.78%

CL 14795 70.94% 23.35% 3.49% 0.71% 1.03% 0.48%

White 41096 36.50% 39.51% 13.98% 2.04% 6.82% 1.17%

<HS 3132 6.35% 22.16% 37.77% 4.60% 25.54% 3.58%

HS 13383 15.88% 49.65% 19.44% 2.97% 10.64% 1.43%

<CL 12072 30.51% 50.12% 12.86% 1.81% 3.81% 0.90%

CL 12509 71.88% 22.76% 3.26% 0.61% 0.95% 0.54%

Black 6360 25.74% 36.32% 24.65% 2.23% 10.79% 0.25%

<HS 724 4.42% 16.30% 53.73% 3.45% 20.86% 1.10%

HS 2219 9.60% 36.37% 33.62% 3.02% 17.21% 0.27%

<CL 2093 22.98% 50.45% 18.01% 1.82% 6.64% 0.10%

CL 1324 68.88% 24.85% 4.31% 0.83% 1.06% 0.08%

Page 21: Education and Life time wage potential

M

GT

/PR

O

TE

C/S

AL/

AD

M

SE

RV

ICE

PR

E/P

RO

D

OP

/FA

B

F/F

/F

<HSHS

<CL

CL

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

Percent

Job TypeEducation Level

All Females Employment Distribution According To Education Level

<HS

HS

<CL

CL

Page 22: Education and Life time wage potential

Distribution of Employment by Gender/Race by Education Achievement: Female (percent)

Total Employ

ed

Mgmt/

Pro.

Tech/

Sales/

Admin

ServicePrecision

Prod.

Oper.

Fabric.

Farm

Forst

Fish

Female 49805 34.98% 38.88% 15.45% 2.15% 7.51% 1.03%

<HS 4129 5.98% 20.71% 40.32% 4.48% 25.50% 3.00%

HS 16177 14.46% 47.46% 21.60% 3.12% 11.75% 1.25%

<CL 14704 29.13% 50.18% 13.73% 1.88% 4.30% 0.78%

CL 14795 70.94% 23.35% 3.49% 0.71% 1.03% 0.48%

White 41096 36.50% 39.51% 13.98% 2.04% 6.82% 1.17%

<HS 3132 6.35% 22.16% 37.77% 4.60% 25.54% 3.58%

HS 13383 15.88% 49.65% 19.44% 2.97% 10.64% 1.43%

<CL 12072 30.51% 50.12% 12.86% 1.81% 3.81% 0.90%

CL 12509 71.88% 22.76% 3.26% 0.61% 0.95% 0.54%

Black 6360 25.74% 36.32% 24.65% 2.23% 10.79% 0.25%

<HS 724 4.42% 16.30% 53.73% 3.45% 20.86% 1.10%

HS 2219 9.60% 36.37% 33.62% 3.02% 17.21% 0.27%

<CL 2093 22.98% 50.45% 18.01% 1.82% 6.64% 0.10%

CL 1324 68.88% 24.85% 4.31% 0.83% 1.06% 0.08%

Page 23: Education and Life time wage potential

MG

T/P

RO

TE

C/S

AL/

AD

M

SE

RV

ICE

PR

E/P

RO

D

OP

/FA

B

F/F

/F

<HSHS

<CLCL

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

Percent

Job TypeEducational Level

White Female Employment Distribution By Educational Level

<HS

HS

<CL

CL

Page 24: Education and Life time wage potential

Distribution of Employment by Gender/Race by Education Achievement: Female (percent)

Total Employ

ed

Mgmt/

Pro.

Tech/

Sales/

Admin

ServicePrecision

Prod.

Oper.

Fabric.

Farm

Forst

Fish

Female 49805 34.98% 38.88% 15.45% 2.15% 7.51% 1.03%

<HS 4129 5.98% 20.71% 40.32% 4.48% 25.50% 3.00%

HS 16177 14.46% 47.46% 21.60% 3.12% 11.75% 1.25%

<CL 14704 29.13% 50.18% 13.73% 1.88% 4.30% 0.78%

CL 14795 70.94% 23.35% 3.49% 0.71% 1.03% 0.48%

White 41096 36.50% 39.51% 13.98% 2.04% 6.82% 1.17%

<HS 3132 6.35% 22.16% 37.77% 4.60% 25.54% 3.58%

HS 13383 15.88% 49.65% 19.44% 2.97% 10.64% 1.43%

<CL 12072 30.51% 50.12% 12.86% 1.81% 3.81% 0.90%

CL 12509 71.88% 22.76% 3.26% 0.61% 0.95% 0.54%

Black 6360 25.74% 36.32% 24.65% 2.23% 10.79% 0.25%

<HS 724 4.42% 16.30% 53.73% 3.45% 20.86% 1.10%

HS 2219 9.60% 36.37% 33.62% 3.02% 17.21% 0.27%

<CL 2093 22.98% 50.45% 18.01% 1.82% 6.64% 0.10%

CL 1324 68.88% 24.85% 4.31% 0.83% 1.06% 0.08%

Page 25: Education and Life time wage potential

M

GT

/PR

O

TE

C/S

AL/

AD

M

SE

RV

ICE

PR

E/P

RO

D

OP

/FA

B

F/F

/F

<HSHS

<CLCL

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

Percent

Job Type

Educational Level

Black Women Employment Distribution By Educational Level

<HS

HS

<CL

CL

Page 26: Education and Life time wage potential

Conclusions

As compared to the 1970’s, at the end of the XX Century, American women have achieved parity in education attainments

A white male college graduate is more likely to achieve managerial or professional status than the black male counterpart

Page 27: Education and Life time wage potential

Conclusions (continuation)

A black male with less than a high school degree is more likely to be an operator or fabricator than the white male counterpart

A white male with a high school degree is nearly twice as likely to be in managerial or professional status than the black counterpart

Page 28: Education and Life time wage potential

Conclusions (continuation)

A white female with a high school degree is more likely to be in a technical/sales/administrative job than the black female counterpart.

Black female college graduate is about as likely as her white counterpart to be in a managerial or professional job

Page 29: Education and Life time wage potential

Income

Thus it appears that gender, race and education have an impact on the type of jobs and that has an impact on the wages

Recall from an earlier handout the following table

Page 30: Education and Life time wage potential

HOUSEHOLD DATA HOUSEHOLD DATA ANNUAL AVERAGES ANNUAL AVERAGES 39. Median weekly earnings of full-time wage and salary workers by detailed occupation and sex (Numbers in thousands) 2005 Both sexes Men Women Occupation Number Median Number Median Number Median of weekly of weekly of weekly workers earnings workers earnings workers earnings Total, 16 years and over............................................... 103,560 $651 58,406 $722 45,154 $585 Management, professional, and related occupations...................... 36,908 937 18,311 1,113 18,597 813 Management, business, and financial operations occupations... ..... 14,977 997 8,195 1,167 6,782 847 Professional and related occupations.......................... .... 21,931 902 10,116 1,058 11,815 792 Service occupations............................................... .... 14,123 413 7,024 478 7,099 379 Sales and office occupations....................................... ... 25,193 575 9,539 690 15,654 520 Sales and related occupations...................................... 10,031 622 5,582 762 4,449 483 Office and administrative support occupations...................... 15,161 550 3,957 605 11,205 533 Natural resources, construction, and maintenance occupations........... 12,086 623 11,569 628 517 486 Farming, fishing, and forestry occupations......................... 755 372 601 388 154 327 Construction and extraction occupations............................ 6,826 604 6,663 606 163 480 Installation, maintenance, and repair occupations.................. 4,504 705 4,305 706 199 691 Production, transportation, and material moving occupations............ 15,251 540 11,963 591 3,288 420 Production occupations.......................................... .. 8,403 538 5,991 608 2,412 423 Transportation and material moving occupations................... . 6,848 543 5,972 574 876 412

Page 31: Education and Life time wage potential

Marital Status

Since financing Human Capital is so expensive and uncertain

The marital status of the individual may have some barring on the investment

Page 32: Education and Life time wage potential

No

H.S

.

H.S

.

Som

e C

L

Ass

ocia

te

Bac

helo

rs

Mas

ter

Pro

f. D

eg.

Ph.

D.

Nev

er M

arrie

d

Mar

ried

Sp

ouse

Mar

ried

No

Spo

use

Sep

arat

ed

Wid

owed

Div

orc

ed

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

35.00%

40.00%

45.00%

Per

cen

t

Education Attainment Marital Status

Educational Attainment for all Males by Marital Status (ages 25 and over)

March 2000

Never Married

Married Spouse

Married No Spouse

Separated

Widowed

Divorced

Page 33: Education and Life time wage potential

No

H.S

.

H.S

.

Som

e C

L

Ass

ocia

te

Bac

helo

rs

Mas

ter

Pro

f. D

eg.

Ph.

D.

Nev

er M

arrie

d

Mar

ried

Sp

ouse

Mar

ried

No

Spo

use

Sep

arat

ed

Wid

owed

Div

orc

ed

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

35.00%

40.00%

Per

cen

t

Educational Attainment Marital Status

All Female Educational Attainment by Marital Status (ages 25 and up)

March 2000

Never Married

Married Spouse

Married No Spouse

Separated

Widowed

Divorced

Page 34: Education and Life time wage potential

No

H.S

.

H.S

.

Som

e C

L

Ass

ocia

te

Bac

helo

rs

Mas

ter

Pro

f. D

eg.

Ph.

D.

Nev

er M

arrie

d

Mar

ried

Sp

ouse

Mar

ried

No

Spo

use

Sep

arat

ed

Wid

owed

Div

orc

ed

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

35.00%

40.00%

45.00%

50.00%

Per

cen

t

Educational Attainment Marital Status

Non-Hispanic White Male Educational Attainment by Marital Status (ages 25 and up)

March 2000

Never Married

Married Spouse

Married No Spouse

Separated

Widowed

Divorced

Page 35: Education and Life time wage potential

No

H.S

.

H.S

.

Som

e C

L

Ass

ocia

te

Bac

helo

rs

Mas

ter

Pro

f. D

eg.

Ph.

D.

Nev

er M

arrie

d

Mar

ried

Sp

ouse

Mar

ried

No

Spo

use

Sep

arat

ed

Wid

owed

Div

orc

ed

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

35.00%

40.00%

Per

cen

t

Educational Attainment

Marital Status

Non Hispanic White Women Educational Achievement by Marital Status

March 2000

Never Married

Married Spouse

Married No Spouse

Separated

Widowed

Divorced

Page 36: Education and Life time wage potential

No

H.S

.

H.S

.

Som

e C

L

Ass

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Bac

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Mas

ter

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Mar

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Sp

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Mar

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No

Spo

use

Sep

arat

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Wid

owed

Div

orc

ed

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

Per

cen

t

Educational Attainment

Marital Status

Black Male Educational Attainment by Marital Status (ages 25 and up)

March 2000

Never Married

Married Spouse

Married No Spouse

Separated

Widowed

Divorced

Page 37: Education and Life time wage potential

No

H.S

.

Som

e C

L

Bac

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rs

Prof

. Deg

.

Nev

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d

Mar

ried

No

Spo

use

Wid

owed

0.00%5.00%10.00%15.00%20.00%25.00%30.00%35.00%40.00%45.00%50.00%

Pe

rce

nt

Educational Attainment Marital Status

Black Female Educational Attainment by Marital Status (Ages 25 and up) March 2000

Never Married

Married Spouse

Married No Spouse

Separated

Widow ed

Divorced

Page 38: Education and Life time wage potential

No

H.S

.

Som

e C

L

Bac

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rs

Prof

. Deg

.

Nev

er M

arrie

d

Mar

ried

No

Spo

use

Wid

owed

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

35.00%

40.00%

45.00%

Pe

rce

nt

Educational Attainment

Marital Status

Asian and Pacific Islander male educational Attainment According to Marital Status (Ages 25 and up) March 2000

Never Married

Married Spouse

Married No Spouse

Separated

Widow ed

Divorced

Page 39: Education and Life time wage potential

No

H.S

.

Som

e C

L

Bac

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rs

Prof

. Deg

.

Nev

er M

arrie

d

Sep

arat

ed

0.00%5.00%

10.00%15.00%20.00%25.00%30.00%35.00%40.00%45.00%50.00%

Pe

rce

nt

Educational Attainment Marital Status

Asian and Pacific Islander Female educational Attainment by Marital Status (Ages 25 and up) March 2000

Never Married

Married Spouse

Married No Spouse

Separated

Widow ed

Divorced

Page 40: Education and Life time wage potential

No

H.S

.

Som

e C

L

Bac

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rs

Prof

. Deg

.

Nev

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d

Sep

arat

ed

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

Pe

rce

nt

Educational Attainment

Marital Status

Hispanic Male Educational Attainment by Marital Status (Ages 25 and Up) March 2000

Never Married

Married Spouse

Married No Spouse

Separated

Widow ed

Divorced

Page 41: Education and Life time wage potential

No

H.S

.

H.S

.

Som

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L

Ass

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Mar

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Mar

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No

Spo

use

Sep

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Wid

owed

Div

orce

d

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

Per

cen

t

Educational Attainment

Marital Status

Hispanic Female Educational Attainment by Marital Status

Total

Never Married

Married Spouse

Married No Spouse

Separated

Widowed

Divorced

Page 42: Education and Life time wage potential

Women Have not Always faired as well

Early in the XX Century women were not even allowed to obtain Professional degrees

Very few went beyond high school

Page 43: Education and Life time wage potential

Percentage of Degrees Awarded to Women by Level, 1929-1930 to 2002-2003

YearsPercent

Associate Bachelors Master’s Doctor’s 1st Professional

1929-30 n.a. 39.9 40.4 15.4 n.a.

1960-61 n.a. 38.5 31.7 10.5 2.7

1970-71 42.9 43.4 40.1 14.3 6.3

1980-81 54.7 49.8 50.3 31.1 26.6

1990-91 58.8 53.9 53.6 37.0 39.1

1992-93 58.8 54.3 54.2 38.1 40.1

1996-97 60.8 55.6 56.9 40.8 42.1

1999-00 60.2 57.2 58.0 44.4 45.0

2002-03 60.0 57.5 58.8 48.1 47.8

Page 44: Education and Life time wage potential

Associate’s Degrees Earned by Race/Ethnicity

Race or Ethnicity

YEAR

1981 1990 2003

Number/Percent410,174 455,102 635,912

White 82.7 82.8 69.2Black 8.6 7.5 11.9Hispanic 4.3 4.7 10.5Asian 2.1 2.9 5.2American Indian 0.6 0.8 1.2Non-Resident Alien 1.6 1.3 2.1

Page 45: Education and Life time wage potential

Bachelor’s Degrees Earned by Race/Ethnicity

Race or Ethnicity

YEAR

1981 1990 2003

Number/Percent934,800 1,051,344 1,348,503

White 86.4 84.4 73.7Black 6.5 5.8 9.2Hispanic 2.3 3.1 6.6Asian 2.0 3.7 6.5American Indian 0.4 0.4 0.7Non-Resident Alien 2.4 2.5 3.2

Page 46: Education and Life time wage potential

Master’s Degrees Earned by Race/Ethnicity

Race or Ethnicity

YEAR

1981 1990 2003

Number/Percent294,183 324,301 512,645

White 82.0 78.9 66.7Black 5.8 3.9 8.6Hispanic 2.2 1.4 4.9Asian 2.1 2.7 5.3American Indian 0.4 0.4 0.6Non-Resident Alien 7.5 12.8 14.0

Page 47: Education and Life time wage potential

Doctor’s Degrees Earned by Race/Ethnicity

Race or Ethnicity

YEAR

1981 1990 2003

Number/Percent32,839 38,371 46,024

White 78.9 68.3 60.2Black 3.9 3.0 5.5Hispanic 1.4 2.0 3.4Asian 2.7 3.2 5.3American Indian 0.4 0.3 0.4Non-Resident Alien 12.8 23.2 25.3

Page 48: Education and Life time wage potential

1st Professional Degrees Earned by Race/Ethnicity

Race or Ethnicity

YEAR

1981 1990 2003

Number/Percent71,340 70,988 80,810

White 90.5 85.2 72.6Black 4.1 4.8 7.1Hispanic 2.2 3.4 5.1Asian 2.0 4.7 12.1American Indian 0.3 0.4 0.7Non-Resident Alien 0.9 1.5 2.4

Page 49: Education and Life time wage potential

But What is The Degree for?

Are women selecting specific fields or are they searching for all fields

Is there any fields that they avoid and what are the requirements

Page 50: Education and Life time wage potential

Percentage of Women obtain a Bachelor’s Degree tbl 288

Discipline 1965-1966 1996-1997

Agricultural and Special Resources 2.7 39.0

Architecture and related Programs 4.0 35.9

Biological vs. Life Science 28.2 53.9

Business Administration 8.5 48.6

Computer and Information Services 13.0 27.2

Education 75.3 75.0

Engineering 0.4 16.6

English and English Literature 66.2 66.5

Foreign Languages 70.7 69.7

Health 76.9 81.5

Home Economics 97.5 88.4

Mathematics 33.3 46.1

Physical science and science technology

13.6 37.4

Psychology 41.0 73.0

Economics 9.8 30.9

History 34.6 38.4

Sociology 39.6 68.3

Page 51: Education and Life time wage potential
Page 52: Education and Life time wage potential
Page 53: Education and Life time wage potential
Page 54: Education and Life time wage potential

3.2

23.8

38.9

1.1

14.4

36.9

6.7

24.7

41.4

16.4

42.6

64.5

8

35.2

66.6

3.8

32.4

43.7

4.1

14

26.2

0

10

20

30

40

50

60

70

Per

cen

t

Business Dentistry Medicine Pharmacy VeterinareyMedicine

Law Theology

Profession

Percent of First Professional Degree Award to Women by Field

1966

1981

1997

Page 55: Education and Life time wage potential

Relating Education and Wages

The Following Data Show the relation between Education and wages

Page 56: Education and Life time wage potential
Page 57: Education and Life time wage potential
Page 58: Education and Life time wage potential
Page 59: Education and Life time wage potential
Page 60: Education and Life time wage potential