Table 19-1 Source: US Census Bureau and Mankiw's Calculations
-Refer to Table

question 86

Essay

Table 19-1
$$\begin{array} { | l | l | l | } \hline& \mathbf { 1 9 7 5 } & \mathbf { 2 0 1 1 }\\ \hline \text { Men } & \\\hline \text { High school, no college } & \$ 48,720 &\$46,038 \\\hline \text { College graduates } & \$ 69,146 & \$ 80,508 \\\hline \text { Percent extra for college grads } & + 42 \% & + 75 \% \\\hline & & \\\hline \text { Women } & & \\\hline \text { High school, no college } & \$ 28,006 & \$ 32,249 \\\hline \text { College graduates } & \$ 37,804 & \$ 58,229 \\\hline \text { Percent extra for college grads } & + 35 \% & + 81 \% \\\hline\end{array}$$ Source: US Census Bureau and Mankiw's calculations
-Refer to Table 19-1. What are two possible hypotheses to explain the changes in relative demand for high-skilled workers and low-skilled workers in recent years?

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Definitions:

S-8

A registration form used by publicly-traded companies to register securities allocated for employee stock option and purchase plans.

Forms

Documents designed for recording, transmitting, or processing information according to specified requirements.

Registration

The process of recording information, specifically in context to securities, where securities must be registered before being offered to the public.

PCAOB

Public Company Accounting Oversight Board, a nonprofit corporation established by Congress to oversee the audits of public companies in order to protect investors and the public interest.