Problem

Value of Education. The following table shows median annual earnings (in 2011) for women a...

Value of Education. The following table shows median annual earnings (in 2011) for women and men with various levels of education. (Source: U.S. Census Bureau.)

 

High

school

only

Associate’s

degree only

Bachelor’s

degree only

Professional

degree

Women

$21,113

$39,286

$49,108

$80,718

Men

$40,447

$50,928

$66,196

$119,474

Assuming the difference shown in the table remains constant over a 40-year career, approximately how much less does a woman with a bachelor’s degree earn than a woman with a professional degree?

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