A new study has revealed that students who do better academically in high school will go on to earn more money later in life.
The findings of the University of Miami study found that spending extra time on studies pays off for both sexes, but especially for teenage boys.
A one-point difference in a student's grade point average could lead to a double-digit percentage pay increase.
For young women, a boost in their GPA corresponds to a 13.77 per cent pay increase and men have an 11.85 per cent increase. Though young women have a higher boost, they are still lagging far behind their male peers in terms of pay overall- even though their GPA scores are 'significantly higher'. As a result, the research was split by sex but a side-by-side comparison of the pay by gender showed a dramatic gap that comes in spite of the fact that there are more young women who preformed better academically in high school. For example, young men who earned a 3.0 GPA made approximately $41,000 while young women earned about $36,000.
All of the salary data was taken from young a group of young professionals between 24 and 34 years old, and the research was based on their reported academic success.
Michael French, the University of Miami professor who led the research team said, "Conventional wisdom is that academic performance in high school is important for college admission, but this is the first study to clearly demonstrate the link between high school GPA and labor market earnings many years later."
Source: Daily Mail