7th Edition

ISBN: 9780135239919

Author: BENNETT AND BR

Publisher: PEARSON

Concept explainers

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Textbook Question

Chapter 4.A, Problem 50E

Value of Education. The following table shows median monthly earnings (in 2015) for women and men by their highest achieved level of education.

		Educational Attainment
	High school graduate	Associate’s degree	Bachelor’s degree	Advanced degree
Women	$6,936	$7,932	$11,580	$14,220
Men	$9,012	$10,464	$14,988	$19,560

Source: U.S. Bureau of Labor Statistics.

50. As a percentage, how much more does a man with an advanced degree earn than a woman with an advanced degree? Assuming that difference remains constant over a 40-year career, how much more does the man earn than the woman?

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Chapter 4.A, Problem 49E

Chapter 4.A, Problem 51E

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