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On Average, College Graduates Earn Significantly More Income Than Those

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On average, college graduates earn significantly more income than those with less education and the disparity tends to widen into middle age.


Definitions:

Employed

Refers to individuals who are currently working in a paid job or running a business.

Units

Basic quantities or measurements, such as pieces or liters, used to quantify the amount of a product or substance.

Marginal Revenue Product

The additional revenue generated by employing one more unit of input, such as labor, in the production process.

Resource

An input used in the production of goods or services, such as labor, land, capital, and technology.

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