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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
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Education and Future Income. Display 3.13 shows the first five rows of a data set with annual incomes in 2005 of the subset of National Longitudinal Survey of Youth (NLSY79) subjects (described in Exercise 2.22) who had paying jobs in 2005 and who had completed either 12 or 16 years of education by the time of their interview in 2006. All the subjects in this sample were between 41 and 49 years of age in 2006. Analyze the data to describe the amount (or percent) by which the population distribution of incomes for those with 16 years of education exceeds the distribution for those with 12 years of education. (Note: The NLSY79 data set codes all incomes above $150,000 as $279,816. To make an exercise version that better matches the actual income distribution, those values have been replaced in the data set by computer-simulated values from a realistic distribution of incomes greater than $150,000.)
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|
2 |
 |
12 |
 |
5,500 |
|
6 |
 |
16 |
 |
65,000 |
|
7 |
 |
12 |
 |
19,000 |
|
13 |
 |
16 |
 |
8,000 |
|
21 |
 |
16 |
 |
253,043 |
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