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    • Member Info
      • Native Language:
      • Russian
      • Home Country:
      • Russian Federation
      • Current Location:
      • Russian Federation

    • Join Date: Aug 2010
    • Posts: 139
    #1

    Wage premium

    Hello,

    What is "wage premium"? As in:

    "As the next graph indicates, young men and women who hail from intact, married homes are much more likely to graduate from college. More precisely, young adults are at least 44 percent more likely to have graduated from college if they were raised by their married parents. This is important because a college degree is associated with better work opportunities, lower odds of unemployment, and a substantial wage premium."

    Thank you.

  1. MikeNewYork's Avatar
    • Member Info
      • Native Language:
      • American English
      • Home Country:
      • United States
      • Current Location:
      • United States

    • Join Date: Nov 2002
    • Posts: 24,983
    #2

    Re: Wage premium

    Quote Originally Posted by Cynthia Garett View Post
    Hello,

    What is "wage premium"? As in:

    "As the next graph indicates, young men and women who hail from intact, married homes are much more likely to graduate from college. More precisely, young adults are at least 44 percent more likely to have graduated from college if they were raised by their married parents. This is important because a college degree is associated with better work opportunities, lower odds of unemployment, and a substantial wage premium."

    Thank you.
    It means an "increase in income".

    • Member Info
      • Native Language:
      • American English
      • Home Country:
      • United States
      • Current Location:
      • United States

    • Join Date: Apr 2009
    • Posts: 12,310
    #3

    Re: Wage premium

    The idea here is that those with college degrees earn more (a "premium") than those without.

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