Home Work-1
Rupok Chowdhury
Student ID. 21375005
ECO 616
1. Calculating and Comparing the average weekly wage between who have college education
(1) and who have no college education (0 based on the male students whose age ranges from
25-54, worked full time at least 48 hours in previous year from the given ASEC data for the
year of 2019:
Figure-1: Proportion of weekly wage between college educated and non-college educated
Source: ASEC data. 2019
From the given bar plot, it is found that in each week students with college education earns about
$1352 whereas students who have lower education attainment than college education is likely to
receive $692 per week. This implies that students with college degree tend to earn $770 more than
the lower attained education.