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Author: Dickerson, Brian
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Dickerson, Brian |
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Long Term Determinants of Income: Early Career Choices and Their Effect on Future Income M.S. Thesis, Department of Economics, University of North Carolina and Charlotte, 2014 Cohort(s): NLSY79 Publisher: ProQuest Dissertations & Theses (PQDT) Keyword(s): Armed Forces Qualifications Test (AFQT); Educational Attainment; Income; Intelligence; Modeling, OLS Permission to reprint the abstract has not been received from the publisher. The purpose of this thesis was to examine how early career decisions by young adults can affect their long term career outcomes, specifically income twenty years in the future. Previous research dedicated to this area looked at short-term effects. Data was gathered from the NLSY79, which followed young adults from 1979, when each individual was between 14 and 22, through 2010. This was used to create a log-linear OLS model that contained regressors of income, unemployment, educational attainment, intelligence, gender, and race demographics. The results showed that income, unemployment, educational attainment, and intelligence each had a statistically significant effect on income as far out as twenty years. A one hundred dollar increase in income is associated with income twenty years out by a .147% increase. A week-spent unemployed is associated with 0.813% decrease in income twenty years later. Educational attainment results suggest that an additional year of education is associated with a 6.28% increase in income and a one percent increase in AFQT percentile is associated with a .715% increase in income twenty years out. Income, education, and intelligence results held significance at a 0.001 level while unemployment held significance at a 0.05 level. |
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Bibliography Citation
Dickerson, Brian. Long Term Determinants of Income: Early Career Choices and Their Effect on Future Income. M.S. Thesis, Department of Economics, University of North Carolina and Charlotte, 2014. |