How have you treated students? LW has a large student population. I notice that LW incomes are below US median in the 15-24 bracket but above US median in the 25-34 bracket. I suspect LW also has a large population of people who have spent longer at university than most (e.g., PhDs) which will tend to depress earnings at the young end but maybe boost them later on.
It seems (at least according to self-reports) that the LW population gives a little more, as a fraction of income, than the US population at large. I wonder what the distributions look like.
I updated the chart to be a bit more useful: I broke the <$100000 bracket down into $25000 increments.
Now students are accounted for indirectly: there is an extremely strong correlation between age and average income for that age among LWers. (r^2 of .83). So it’s safe to assume that there are a large number of 15-24 year olds in that “<$25000” income bracket.
How have you treated students? LW has a large student population. I notice that LW incomes are below US median in the 15-24 bracket but above US median in the 25-34 bracket. I suspect LW also has a large population of people who have spent longer at university than most (e.g., PhDs) which will tend to depress earnings at the young end but maybe boost them later on.
It seems (at least according to self-reports) that the LW population gives a little more, as a fraction of income, than the US population at large. I wonder what the distributions look like.
I updated the chart to be a bit more useful: I broke the <$100000 bracket down into $25000 increments.
Now students are accounted for indirectly: there is an extremely strong correlation between age and average income for that age among LWers. (r^2 of .83). So it’s safe to assume that there are a large number of 15-24 year olds in that “<$25000” income bracket.