Study Finds New Yorkers With College Degrees Earn More Early in Career
By Ben Fractenberg
MANHATTAN — New Yorker’s with college degrees earn more than their peers across the country, the city comptroller’s office said in a report last Friday.
The estimate is based on a study by the comptroller's office, which said New York men earn roughly $256,000 more than male workers in the rest of the country over their lifetime. Female workers are expected to earn $184,000 more over their career.
But most of the advantage for New Yorkers would be in the first 15 years of their career, the studies author, Frank Braconi, told The New York Times. Once guys hit their 37th birthday, the gap begins to close.
“That’s something we all kind of knew — that there’s a New York premium," Braconi told The Times. What I certainly wasn’t aware of is that it appears that the earnings differential ended later in the career.”
By the time men hit 57 they would be earning more in Dallas and by 62, they would make the same in Atlanta, said Braconi.
Braconi found women continue to earn more than their counterparts throughout their career, although the gap does shrink as they get older.