Present Values of Lifetime Earnings for Different Occupations

Wilkinson, Bruce W.

doi:10.1086/259220

Cited by 65 publications

(14 citation statements)

References 3 publications

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“…For example, research on the effect of occupational sorting by field of study is warranted. 8 Many sociologists have implicitly equated occupation with lifetime earnings (Blau and Duncan 1967; Hauser and Warren 1997; Wilkinson 1966), particularly among those studying inter-generational social mobility (Featherman and Hauser 1978). This association has never actually been systematically evaluated.…”

Section: Discussionmentioning

confidence: 99%

Field of Study in College and Lifetime Earnings in the United States

2015

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Our understanding about the relationship between education and lifetime earnings often neglects differences by field of study. Utilizing data that matches respondents in the Survey of Income and Program Participation to their longitudinal earnings records based on administrative tax information, we investigate the trajectories of annual earnings following the same individuals over 20 years and then estimate the long-term effects of field of study on earnings for U.S. men and women. Our results provide new evidence revealing large lifetime earnings gaps across field of study. We show important differences in individuals’ earnings trajectories across the different stages of the work-life by field of study. In addition, the gaps in 40-year (i.e., ages 20 to 59) median lifetime earnings among college graduates by field of study are larger, in many instances, than the median gap between high school graduates and college graduates overall. Significant variation is also found among graduate degree holders. Our results uncover important similarities and differences between men and women with regard to the long-term earnings differentials associated with field of study. In general, these findings underscore field of study as a critical dimension of horizontal stratification in educational attainment. Other implications of the empirical findings are also discussed.

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Section: Discussionmentioning

confidence: 99%

Field of Study in College and Lifetime Earnings in the United States

2015

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“…Education is known to affect levels of income (Miller 1960;Becker and Chiswick 1966;Hause 1975) as does occupation (Wilkinson 1966). Here we examine effects of education on the statistics of lifetime accumulated income.…”

Section: The Effects Of Education On Lifetime Economic Transfersmentioning

confidence: 99%

Demography and the statistics of lifetime economic transfers under individual stochasticity

Caswell¹,

Kluge²

2015

DemRes

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“…(See e.g., Ashenfelter & Mooney, 1968;Koch, 1972;Reed & Miller, 1970;Wilkinson, 1966. ) Such contributions were narrow in scope and, at best, included only a few major study areas.…”

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confidence: 99%

Determinants of Student Choice of Undergraduate Major Field

Cebula

Lopes

1982

American Educational Research Journal

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This paper investigates the determinants of student choice of under-graduate major field. It argues that this choice depends on a variety of pecuniary and nonpecuniary factors. After allowing for the recent trends toward Accounting and Business Administration, the empirical results indicate that earnings differentials among fields and differences in the rate of change in earnings among fields are the most important factors in the student’s decision.

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Present Values of Lifetime Earnings for Different Occupations

Cited by 65 publications

References 3 publications

Field of Study in College and Lifetime Earnings in the United States

Field of Study in College and Lifetime Earnings in the United States

Demography and the statistics of lifetime economic transfers under individual stochasticity

Determinants of Student Choice of Undergraduate Major Field

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