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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 |
||||||||||||||||||||
Less than |
1.0 times |
Over 1.0 |
2.0 times |
Greater |
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All workers |
0.1 |
1.1 |
0.7 |
0.9 |
0.4 |
[2] |
0.0 |
||||||||||||||||
Worker characteristics |
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Management, professional, and related |
0.1 |
1.5 |
0.8 |
1.4 |
0.7 |
[2] |
0.0 |
||||||||||||||||
Management, business, and financial |
0.2 |
2.1 |
1.0 |
1.9 |
0.8 |
[2] |
0.0 |
||||||||||||||||
Professional and related |
0.1 |
1.9 |
1.1 |
1.7 |
0.8 |
[2] |
0.0 |
||||||||||||||||
Service |
0.1 |
3.2 |
2.9 |
2.3 |
0.4 |
[2] |
0.0 |
||||||||||||||||
Sales and office |
0.1 |
1.3 |
0.8 |
1.1 |
0.4 |
[2] |
0.0 |
||||||||||||||||
Sales and related |
– |
2.0 |
1.5 |
1.5 |
– |
[2] |
0.0 |
||||||||||||||||
Office and administrative support |
0.2 |
1.7 |
0.9 |
1.5 |
0.5 |
[2] |
0.0 |
||||||||||||||||
Natural resources, construction, and maintenance |
0.9 |
3.6 |
2.5 |
3.6 |
1.0 |
[2] |
0.0 |
||||||||||||||||
Construction, extraction, farming, fishing, and |
– |
7.9 |
– |
7.1 |
– |
0.1 |
0.1 |
||||||||||||||||
Installation, maintenance, and repair |
0.7 |
3.8 |
2.8 |
4.0 |
1.2 |
[2] |
0.0 |
||||||||||||||||
Production, transportation, and material moving |
0.4 |
2.3 |
1.8 |
1.9 |
0.5 |
[2] |
0.0 |
||||||||||||||||
Production |
– |
2.9 |
2.4 |
3.0 |
– |
[2] |
0.0 |
||||||||||||||||
Transportation and material moving |
– |
3.1 |
2.2 |
1.7 |
– |
[2] |
0.0 |
||||||||||||||||
Full time |
0.1 |
1.1 |
0.7 |
1.0 |
0.3 |
[2] |
0.0 |
||||||||||||||||
Union |
0.4 |
3.1 |
2.3 |
2.4 |
1.4 |
[2] |
0.0 |
||||||||||||||||
Nonunion |
0.1 |
1.3 |
0.7 |
1.1 |
0.4 |
[2] |
0.0 |
||||||||||||||||
Average wage within the following categories:3 |
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Lowest 25 percent |
– |
3.7 |
2.7 |
3.0 |
– |
[2] |
0.0 |
||||||||||||||||
Lowest 10 percent |
– |
8.2 |
– |
2.3 |
– |
[2] |
0.0 |
||||||||||||||||
Second 25 percent |
0.2 |
1.9 |
1.2 |
1.6 |
0.4 |
[2] |
0.0 |
||||||||||||||||
Third 25 percent |
0.2 |
1.9 |
1.1 |
1.4 |
0.7 |
[2] |
0.0 |
||||||||||||||||
Highest 25 percent |
0.1 |
1.5 |
0.9 |
1.4 |
0.5 |
[2] |
0.0 |
||||||||||||||||
Highest 10 percent |
0.1 |
1.7 |
1.0 |
1.6 |
0.7 |
[2] |
0.0 |
||||||||||||||||
Establishment characteristics |
|||||||||||||||||||||||
Goods-producing industries |
0.4 |
2.5 |
2.0 |
2.0 |
0.7 |
[2] |
0.1 |
||||||||||||||||
Construction |
– |
7.7 |
– |
– |
– |
0.1 |
0.0 |
||||||||||||||||
Manufacturing |
0.4 |
2.6 |
2.2 |
2.2 |
0.8 |
[2] |
0.2 |
||||||||||||||||
Service-providing industries |
0.1 |
1.1 |
0.7 |
1.1 |
0.4 |
[2] |
0.0 |
||||||||||||||||
Trade, transportation, and utilities |
0.4 |
1.7 |
1.1 |
1.5 |
0.6 |
[2] |
0.0 |
||||||||||||||||
Wholesale trade |
– |
3.9 |
3.2 |
3.8 |
– |
0.1 |
0.3 |
||||||||||||||||
Retail trade |
– |
1.7 |
1.4 |
1.1 |
– |
[2] |
0.0 |
||||||||||||||||
Transportation and warehousing |
– |
5.5 |
2.5 |
4.5 |
– |
[2] |
0.0 |
||||||||||||||||
Utilities |
– |
6.7 |
1.2 |
7.5 |
– |
0.1 |
0.2 |
||||||||||||||||
Information |
– |
3.3 |
2.4 |
2.4 |
1.8 |
[2] |
0.0 |
||||||||||||||||
Financial activities |
– |
1.7 |
– |
1.7 |
0.8 |
[2] |
0.0 |
||||||||||||||||
Finance and insurance |
– |
1.6 |
– |
1.5 |
0.9 |
[2] |
0.0 |
||||||||||||||||
Credit intermediation and related activities |
– |
2.2 |
– |
1.7 |
1.4 |
[2] |
0.0 |
||||||||||||||||
Insurance carriers and related activities |
– |
3.9 |
1.2 |
3.9 |
1.1 |
[2] |
0.0 |
||||||||||||||||
Real estate and rental and leasing |
– |
8.2 |
– |
– |
– |
0.1 |
0.2 |
||||||||||||||||
Professional and business services |
– |
3.3 |
2.2 |
3.4 |
1.0 |
[2] |
0.1 |
||||||||||||||||
Professional and technical services |
– |
3.5 |
2.5 |
4.0 |
1.7 |
[2] |
0.0 |
||||||||||||||||
Administrative and waste services |
– |
8.7 |
– |
7.0 |
– |
0.1 |
0.2 |
||||||||||||||||
Education and health services |
0.2 |
2.6 |
1.1 |
2.4 |
0.9 |
[2] |
0.0 |
||||||||||||||||
Educational services |
– |
3.9 |
3.7 |
3.2 |
– |
0.1 |
0.0 |
||||||||||||||||
Junior colleges, colleges, and universities |
0.5 |
2.9 |
2.6 |
2.4 |
0.3 |
[2] |
0.0 |
||||||||||||||||
Healthcare and social assistance |
0.2 |
3.1 |
1.1 |
2.8 |
0.9 |
[2] |
0.0 |
||||||||||||||||
Leisure and hospitality |
– |
6.6 |
– |
– |
– |
0.1 |
0.0 |
||||||||||||||||
Accommodation and food services |
– |
6.8 |
– |
– |
– |
0.1 |
0.0 |
||||||||||||||||
Other services |
– |
6.9 |
– |
9.7 |
– |
0.1 |
– |
||||||||||||||||
1 to 99 workers |
0.3 |
2.1 |
1.2 |
2.0 |
1.0 |
[2] |
0.0 |
||||||||||||||||
1 to 49 workers |
– |
2.4 |
1.3 |
1.8 |
– |
[2] |
0.0 |
||||||||||||||||
50 to 99 workers |
– |
4.2 |
2.3 |
4.5 |
– |
[2] |
– |
||||||||||||||||
100 workers or more |
0.1 |
1.3 |
0.9 |
1.0 |
0.4 |
[2] |
0.0 |
||||||||||||||||
100 to 499 workers |
– |
1.7 |
1.1 |
1.5 |
– |
[2] |
0.0 |
||||||||||||||||
500 workers or more |
0.2 |
1.9 |
1.3 |
1.5 |
0.4 |
[2] |
0.0 |
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Geographic areas |
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New England |
0.1 |
2.2 |
1.8 |
1.4 |
0.6 |
[2] |
0.0 |
||||||||||||||||
Middle Atlantic |
0.3 |
4.4 |
2.7 |
2.5 |
0.7 |
[2] |
0.0 |
||||||||||||||||
East North Central |
– |
3.2 |
2.0 |
2.4 |
– |
[2] |
0.0 |
||||||||||||||||
West North Central |
– |
2.5 |
2.6 |
3.4 |
– |
0.1 |
0.0 |
||||||||||||||||
South Atlantic |
– |
2.1 |
1.8 |
2.4 |
– |
[2] |
0.0 |
||||||||||||||||
East South Central |
– |
3.9 |
– |
6.9 |
2.3 |
[2] |
0.0 |
||||||||||||||||
West South Central |
– |
3.0 |
1.3 |
2.6 |
– |
[2] |
0.0 |
||||||||||||||||
Mountain |
– |
4.4 |
2.7 |
2.3 |
1.1 |
[2] |
0.0 |
||||||||||||||||
Pacific |
0.4 |
3.1 |
1.7 |
2.0 |
1.2 |
[2] |
0.0 |
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