Master's Culminating Experience
This project indicates that individuals who completed a high school degree, a bachelor’s degree or a master’s degree have substantial differences in earnings. Drawing data from the Current Population Survey for February 2005 and employing an Ordinary Least Square regression technique, this paper examines the determinants that significantly influence the logarithmic hourly earnings of an individual who completed a high school degree, a bachelor’s degree or a master’s degree. Overall, this project suggests that level of education, sex, age, gender, union membership, geographical region and race are the relevant factors that play an important role in determination of hourly earnings of an individual. For example, the results suggest that the typical individual will receive a 20% increase in earnings when compared to an individual who has earned a high school degree, with a completion of a bachelor degree and a 18% addition in earnings with a completion of a master’s degree.
(2007). A Study on How Completion of High School, Bachelor’s, and Master’s Degrees Affects Earnings - February 2005. .