Education and Income

Read this page, so that you can get an idea of what is happening to income distributions in the US, and around the world.

Why do you think college graduates earn more than individuals who have only a high school degree?

us income dist-1.png

OECD income dist

Student Loan Debt - Brookings Institute - (see page 10, 13, 14, 15) https://www.brookings.edu/wp-content/uploads/2016/06/Is-a-Student-Loan-Crisis-on-the-Horizon.pdf (Links to an external site.)

Student Loan Debt - Brookings Institute - ( see page 6 and 7) - https://www.hamiltonproject.org/assets/files/major_decisions_graduates_earnings_growth_debt_repayment.pdf (Links to an external site.)

Profiles of Labor Force by Educational Attainment - https://www.bls.gov/spotlight/2017/educational-attainment-of-the-labor-force/pdf/educational-attainment-of-the-labor-force.pdf (Links to an external site.)

Death and Despair in White America - Death and Despair in White America - https://www.pbs.org/newshour/show/deaths-despair-cutting-life-short-white-americans (Links to an external site.)

College Wage Premium - https://economix.blogs.nytimes.com/2014/02/11/wage-premium-from-college-is-said-to-be-up/ (Links to an external site.)

e.)

Bureau of Labor Statistics (BLS) - education income and unemployment - http://www.bls.gov/emp/ep_chart_001.htm (Links to an external site.)

MIT Living Wage Calculator - https://www.google.com/?gws_rd=ssl#q=mit+living+wage+calculator (Links to an external site.)

Education and Unemployment - The-value-of-college-in-2-graphs - NPR - Planet Money - https://www.npr.org/sections/money/2011/06/22/137340857/the-value-of-college-in-2-graphs (Links to an external site.)

Bureau of Labor Statistics - https://www.bls.gov/emp/chart-unemployment-earnings-education.htm (Links to an external site.)

Bureau of Labor Statistics - http://www.bls.gov (Links to an external site.) - government agency provides job descriptions and opportunities by major

Why Major In Economics - CSU San Marcos: http:// http://public.csusm.edu/rarnold/economics_major.htm (Links to an external site.)

Equal Pay - IGM Panel - http://www.igmchicago.org/surveys/equal-pay (Links to an external site.)

Top US Colleges 2020 - Wall Street Journal - https://www.timeshighereducation.com/rankings/united-states/2020#!/page/8/length/25/sort_by/rank/sort_order/asc/cols/stats

Two Different Ways to Measure Education Levels:

Education Levels of US Labor Force - Statista - https://www.statista.com/statistics/184260/educational-attainment-in-the-us/ (Links to an external site.)

Education Levels in the US - Statista - https://www.statista.com/statistics/240868/educational-attainment-in-the-us/ (Links to an external site.)

Interesting Facts About Salaries - Who Gets Paid and How

Highest Paid Actors - 2018 - Forbes - https://www.forbes.com/pictures/5b7b16ada7ea43757f2cb680/the-worlds-highest-paid-a/#2a9a04b65228 (Links to an external site.)

Highest Paid Actresses - 2018 - Forbes - https://www.forbes.com/pictures/5b746648a7ea43757f2c5b56/highest-paid-actresses-20/#2d1b854e3247 (Links to an external site.)

Highest Paid Athletes - 2019 - Forbes - https://www.forbes.com/athletes/#9fcf16755ae5 (Links to an external site.)

U. S. President Salary - $400,000

U. S. Senator Salary - $174,000

U. S. Representative Salary - $174,000

Chairman of Federal Reserve System Salary - $203,500 (other FED governors - $183,100)

Tom Brady - QB New England Patriots - $70,000,000 two year extension

Highest Paid CEO's - New York Times - https://www.nytimes.com/interactive/2019/business/highes