When the U.S. Census Bureau
estimated lifetime earnings for people with various levels of education, it found that people with a master's degree brought home $ 2.5 million from the age of 24 to the age of 64.
Not exact matches
The Center for American Progress
estimates that a 26 - year - old woman who is earning $ 30,253 and takes off five years to provide care is losing $ 467,000 over the course of her career — a 19 percent reduction in her
lifetime earnings.
Past studies had relied on either one year or a limited number of years of data with projections and did not
estimate the effect of field of study on
lifetime earnings for those who have an advanced degree.
According to the Times, «replacing a poor teacher with an average one would raise a single classroom's
lifetime earnings by about $ 266,000, the economists
estimate.»
They
estimate that the effect of such a teacher on an entire class of students is more than a $ 1.4 million increase in cumulative
lifetime earnings.
In his study, Hanushek calculated the economic value related to effective teaching by drawing on a research literature that provides precise
estimates of the impact of students» achievement levels on their
lifetime earnings, and by combining these figures with
estimated impacts of more - effective teachers on student achievement.
But we can calculate more prosaic economic values related to effective teaching, by drawing on a research literature that provides surprisingly precise
estimates of the impact of student achievement levels on their
lifetime earnings and by combining this with
estimated impacts of more - effective teachers on student achievement.
Other calculations that take into account
earnings throughout entire careers
estimate 20 percent increases over the course of a
lifetime.
Raj Chetty, a professor of economics at Harvard, in 2010 published a study that
estimates that having an above - average kindergarten teacher in a classroom of 20 will generate about $ 320,000 more in total
lifetime earnings for each of his or her students, compared to the same class with a below - average teacher.
According to previous scientific
estimates, these learning gains would translate to more than a 13 percent gain in
lifetime earnings, or more than $ 150,000.
In fact, some research
estimates that teachers can impact students»
lifetime earnings by 10 to 20 percent, which can increase the U.S. gross domestic product by tens of trillions of dollars.
In a report examining the potential of the use of data in education, the McKinsey Global Institute
estimates «the potential value from improved instruction to be $ 310 billion to $ 370 billion per year worldwide, largely through increased
lifetime earnings (page 22).»
Using
estimates from Chetty et al. on how 3rd grade test scores affect later adult
earnings, and
estimates from Bartik, Gormley and Adelstein of expected adult income of children from different income groups, I project that for low - income children, the 3rd grade test score effects
estimated by Duncan / Sojourner would be consistent with a
lifetime increase in adult
earnings of about 13 %.
Replacing a poor teacher with an average one would raise a single classroom's
lifetime earnings by about $ 266,000, the economists
estimate.
Researchers
estimated the effect of education on
lifetime earnings by «distinguishing between individuals who lived in rural or urban areas during childhood and between individuals with access to many or few books at home at age 10.»
Based on past
earnings, and the SSA's projection of your average
lifetime earnings, the statement
estimates your retirement benefits.
Muhammad received an
estimated $ 20 million in
lifetime earnings.
These types of multidimensional
lifetime earnings estimates may prove to be particularly beneficial to American consumers right now amidst the rising cost of college tuition that has been matched with a rising student - loan burden that now exceeds credit - card debt and may reach $ 1 trillion before the end of 2011.
First, we must
estimate the
earnings that the graduate will receive over his
lifetime and subtract from that figure an
estimate of what he would have earned had he lacked his education.
The Sutton Trust's report goes on to
estimate that over a typical 40 - year career, you can expect an extra «# 200,000 of added
lifetime earnings» popped onto your salary because of your postgraduate degree.