Yet a worker's lifetime earnings are hurt more by a job loss in a weak economy.
In the UK at present, an arts degree for a man reduces expected lifetime earnings.
And we have found that tertiary education lowers, not raises, lifetime earnings for some.
They are, after all, the people who benefit most, a college degree providing a large boost in lifetime earnings.
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When it comes to lifetime earnings, we've been told, a bachelor's degree pays off six times more than a high-school diploma.
Their higher lifetime earnings are attributable to their smarts, not their degrees.
Make no mistake, the expected lifetime earnings across sports is very real.
However, the recession and the tepid recovery made make this belief more questionable as new evidence points to a much lower lifetime earnings.
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These numbers are driven by conventional wisdom that views higher education as a surefire ticket to a successful career and greater lifetime earnings.
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However, if we find that possession of a degree is reducing lifetime earnings then we really want to try and dissuade those people from going.
Look at the lifetime earnings graph of MBA vs. non-MBA employees.
Although college can improve your career opportunities and increase your lifetime earnings, it also takes four years (or more) of your life and a lot of money.
Education expert Eric Hanushek estimates that the difference between a great teacher and bad teacher in a child's lifetime earnings is hundreds of thousands of dollars.
"College graduates have better job security and higher lifetime earnings and their degrees are associated with better health and better civic engagement, " CUNY Chancellor Matthew Goldstein said.
For most women, this is not a viable choice, since the more time they spend away from work, the larger the negative impact on their potential lifetime earnings.
National economic and labor force data consistently affirms that those with a college education earn more than those without it, and that the more higher education attained, means even more lifetime earnings.
Since the minimum wage has the largest impact on the least-skilled workers who have few alternatives, their lifetime earnings will be adversely affected by delaying entry into the work force and losing valuable job experience.
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The current cap of 60 puts pressure on military jet pilots to bail out of the armed services earlier than they might otherwise do because of a fear that their lifetime earnings with a carrier will be unnecessarily limited.
An experienced worker laid off when unemployment is at 9% faces a reduction in lifetime earnings nearly twice that of someone sacked when the rate is 5%: a loss of 20% on average, according to new work by Steven Davis and Till von Wachter.
The bureau calculated and cross-referenced lifetime earnings for each major and each career field by grouping survey respondents into eight age buckets consisting of five years, determined the median annual earnings for each age group, multiplied the number by five, and added the totals together.
To the contrary, in their useful lives they added exceptional shareholder value in earnings and lifetime contribution.
It can either set you up for lifetime career success and high earnings or sink you into debt with few avenues to get ahead of it.
By 1997 the two camps were stumping for the new value gospel, based on price-per-eyeball, price-per-click, price-per-lifetime-customer-revenue, and EBE (earnings before expenses).
In the short term, the newcomers may cost more than they contribute, but as their job and language skills improve and their earnings rise over time, the net lifetime impact of most immigrants is positive.
Mr. Pritchett tells the author that the average gain for a Bangladeshi from a lifetime of these loans is about the same as the earnings from working just eight weeks in America.
One additional year in school can increase a woman's earnings by 10 percent to 20 percent over a lifetime.
But it offends those who see a lifetime of taxation as being enough, feeling that what's left of one's earnings should go to heirs.
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