{"id":106565,"date":"2022-01-28T17:28:46","date_gmt":"2022-01-28T17:28:46","guid":{"rendered":"https:\/\/essayparlour.com\/paperhelp\/?p=106565"},"modified":"2022-01-28T17:28:46","modified_gmt":"2022-01-28T17:28:46","slug":"table-217-of-the-2006-u-s-statistical-abstract-shows-that","status":"publish","type":"post","link":"https:\/\/essayparlour.com\/paperhelp\/business-economics-2\/table-217-of-the-2006-u-s-statistical-abstract-shows-that\/","title":{"rendered":"Table 217 of the 2006 U.S. Statistical Abstract shows that,"},"content":{"rendered":"<table style = 'table-striped table-bordered table-hover' responsive='true'>\n<tr>\n<th>Question<\/th>\n<\/tr>\n<tr>\n<td>Table 217 of the 2006 U.S. Statistical Abstract shows that, among all 25-34 year-olds, the average annual earnings of a high school graduate with no further education was $26,073 while the average annual earnings of a college graduate with no further education was $43,794 is 2003.<br \/>\n (a) Assuming college requires five years, show that the annual return to each year of college education averages 10.9%.<br \/>\n (b) It is typically thought that this type of calculation of the returns to schooling is biased, because it doesn&#8217;t take into account innate ability (i.e., ability in the workplace not due to college) or innate motivation. If this criticism is true, is the actual return to each year of a college education more than or less than 10.9%?<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Question<\/p>\n<p>\nTable 217 of the 2006 U.S. Statistical Abstract shows that, among all 25-34 year-olds, the average annual earnings of a high school graduate with no further education was $26,073 while the average annual earnings of a college graduate with no <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":["post-106565","post","type-post","status-publish","format-standard","hentry","category-business-economics-2"],"_links":{"self":[{"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/posts\/106565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/comments?post=106565"}],"version-history":[{"count":1,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/posts\/106565\/revisions"}],"predecessor-version":[{"id":106566,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/posts\/106565\/revisions\/106566"}],"wp:attachment":[{"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/media?parent=106565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/categories?post=106565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/tags?post=106565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}