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

As a percentage, how much more does a man with a professional degree earn than a woman with a professional degree? Assuming that difference remains constant over a 40-year career, how much more does the man earn than the woman?

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