Table 5.
Net lifetime earnings, estimates using self-reported annual earningsa
| (C)b,d
|
(C)/(A)c | (D)b,d
|
(D)/(A)c | ||||
|---|---|---|---|---|---|---|---|
|
Sample Restrictions: - Positive Earnings in 2004 - Full-time Workers Only |
Sample Restriction: - Positive Earnings in 2004 |
||||||
| Net 50-Year Lifetime Earnings |
Gap From HSG | Net 50-Year Lifetime Earnings |
Gap From HSG | ||||
| Male | LTHS | 1,539,000 | (−286,000) | 1.306 | 1,377,000 | (−316,000) | 1.169 |
| HSG | 1,825,000 | — | 1.189 | 1,693,000 | — | 1.103 | |
| SC | 2,072,000 | (246,000) | 1.222 | 1,894,000 | (201,000) | 1.117 | |
| BA | 2,635,000 | (810,000) | 1.203 | 2,486,000 | (793,000) | 1.135 | |
| GRAD | 3,183,000 | (1,358,000) | 1.189 | 2,971,000 | (1,278,000) | 1.109 | |
| [BA+GRAD] | 2,843,000 | (1,018,000) | 1.197 | 2,669,000 | (976,000) | 1.124 | |
| Female | LTHS | 1,016,000 | (−335,000) | 1.734 | 948,000 | (−291,000) | 1.618 |
| HSG | 1,351,000 | — | 1.551 | 1,239,000 | — | 1.423 | |
| SC | 1,504,000 | (153,000) | 1.452 | 1,399,000 | (159,000) | 1.350 | |
| BA | 1,982,000 | (631,000) | 1.506 | 1,846,000 | (607,000) | 1.402 | |
| GRAD | 2,286,000 | (935,000) | 1.350 | 2,325,000 | (1,086,000) | 1.373 | |
| [BA+GRAD] | 2,096,000 | (841,000) | 1.438 | 2,026,000 | (787,000) | 1.390 | |
All estimates control for race/ethnicity, marital history, number of children, birth place, high school type, college preparation courses, and math and science AP courses. The same mean values for all covariates are applied to all estimates.
Annual earnings is estimated by multiplying three to the four-month SIPP earnings. To compute 10-year earnings, annual earnings is multiplied by 10, and then log-transformed. To account for low earnings in the early 20s for highly educated workers, earnings in their 20s is discounted by 20 % for SC, 30 % for BA, and 50 % for GRAD.
(A) are the estimates of lifetime earnings reported in column (A) of Table 4.
The total numbers of respondents to compute lifetime earnings (C) are 18,251 for men and 14,724 for women. The total numbers of respondents to compute (D) are 20,359 for men and 19,730 for women.