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Standard Errors
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Table 19. Standard errors for life insurance plans: Fixed multiple of annual earnings benefit formulas, | |||||||||||||||||||||||
Characteristics |
Multiple of annual earnings amounts1 |
Mean |
Median |
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Less than |
1.0 times |
Over 1.0 |
2.0 times |
Greater |
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All workers |
– |
3.4 |
2.6 |
4.7 |
– |
[2] |
0.3 |
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Worker characteristics |
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Management, professional, and related |
– |
4.3 |
3.1 |
5.8 |
– |
[2] |
0.2 |
||||||||||||||||
Professional and related |
– |
4.6 |
3.3 |
6.0 |
0.5 |
0.1 |
0.2 |
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Teachers |
– |
4.8 |
3.1 |
5.5 |
0.7 |
0.1 |
0.1 |
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Primary, secondary, and special education |
– |
5.0 |
3.5 |
4.9 |
0.3 |
[2] |
– |
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Service |
– |
4.1 |
2.5 |
4.6 |
1.7 |
0.1 |
– |
||||||||||||||||
Protective service |
– |
5.7 |
2.2 |
5.3 |
– |
0.1 |
0.1 |
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Sales and office |
– |
4.1 |
3.2 |
5.3 |
0.9 |
[2] |
– |
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Office and administrative support |
– |
4.2 |
3.3 |
5.3 |
0.9 |
[2] |
– |
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Natural resources, construction, and maintenance |
– |
4.7 |
4.7 |
4.4 |
– |
[2] |
– |
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Production, transportation, and material moving |
– |
6.5 |
6.5 |
4.9 |
– |
0.1 |
[2] |
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Full time |
– |
3.5 |
2.6 |
4.8 |
– |
[2] |
0.3 |
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Part time |
– |
8.2 |
7.9 |
– |
– |
0.1 |
– |
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Union |
– |
3.0 |
2.9 |
3.0 |
– |
[2] |
0.0 |
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Nonunion |
– |
5.0 |
3.3 |
6.6 |
– |
0.1 |
0.0 |
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Average wage within the following categories:3 |
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Lowest 25 percent |
– |
6.0 |
4.3 |
7.8 |
0.3 |
0.1 |
0.4 |
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Lowest 10 percent |
– |
9.6 |
5.4 |
– |
– |
0.1 |
0.3 |
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Second 25 percent |
– |
4.1 |
3.2 |
5.6 |
1.1 |
[2] |
– |
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Third 25 percent |
– |
4.1 |
2.9 |
5.3 |
– |
[2] |
– |
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Highest 25 percent |
– |
3.2 |
2.6 |
3.5 |
– |
[2] |
[2] |
||||||||||||||||
Highest 10 percent |
– |
4.8 |
3.5 |
5.6 |
– |
0.1 |
0.0 |
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Establishment characteristics |
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Service-providing industries |
– |
3.5 |
2.6 |
4.8 |
– |
[2] |
0.3 |
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Education and health services |
– |
5.2 |
3.3 |
7.0 |
0.3 |
0.1 |
0.1 |
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Educational services |
– |
5.0 |
3.4 |
6.8 |
0.3 |
0.1 |
0.0 |
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Elementary and secondary schools |
– |
4.1 |
3.3 |
4.9 |
0.2 |
[2] |
0.1 |
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Junior colleges, colleges, and universities |
– |
9.9 |
– |
– |
1.1 |
0.1 |
– |
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Healthcare and social assistance |
– |
8.4 |
4.5 |
– |
– |
0.1 |
0.0 |
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Hospitals |
– |
11.8 |
– |
– |
– |
0.1 |
0.2 |
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Public administration |
– |
4.1 |
2.4 |
3.1 |
– |
0.1 |
0.0 |
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1 to 99 workers |
– |
9.4 |
– |
– |
2.1 |
0.1 |
– |
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1 to 49 workers |
– |
10.2 |
– |
6.6 |
– |
0.1 |
– |
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100 workers or more |
– |
3.5 |
2.6 |
4.9 |
– |
[2] |
0.4 |
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100 to 499 workers |
– |
5.1 |
4.5 |
5.3 |
1.8 |
0.1 |
0.2 |
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500 workers or more |
– |
4.4 |
2.8 |
5.8 |
– |
[2] |
– |
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State government |
– |
7.7 |
4.1 |
– |
0.8 |
0.1 |
0.3 |
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Local government |
– |
2.8 |
2.5 |
3.0 |
– |
[2] |
0.4 |
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Geographic areas |
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New England |
– |
– |
9.2 |
– |
– |
0.2 |
– |
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Middle Atlantic |
– |
5.3 |
5.5 |
2.9 |
3.5 |
0.1 |
0.0 |
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East North Central |
– |
5.2 |
2.1 |
4.6 |
0.6 |
[2] |
0.0 |
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West North Central |
– |
9.6 |
– |
– |
– |
0.1 |
0.0 |
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South Atlantic |
– |
4.9 |
2.7 |
5.3 |
0.6 |
[2] |
– |
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West South Central |
– |
5.2 |
– |
– |
– |
0.1 |
0.0 |
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Mountain |
– |
6.0 |
– |
– |
– |
[2] |
0.0 |
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Pacific |
– |
6.0 |
– |
– |
– |
0.1 |
0.0 |
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