Leanrl^Ratpr Mrraljn Manchester, Conn

to- ■ MANCHESTER HERALD. Thursday. July 7, 1983 How much money is one’s life worth? New York recently awarded $1 million to a man who the group averages. Decisions you make regarding Following are the lifetime earnings expectations tor Kids In the back seat Whalers’ coach had been only hours away from execution for a family, marriage, what career(s) to pursue, what men and women who (a) graduate high school; and Court vetoes murder he did not commit. The award was deemed other responsibilities to take on will affect your (b) coniplete four years of college. sufficient compensation for Isidore Zimmerman's needn’t drive you crazy Your lifetime earnings, as will the availability of jobs in MEN ■ HIGH SCHOOL COLLEGE big on discipline ‘squeal rule’ false imprisonment and the life experiences denied your field, where you live, and any sjSecial training GRADUATE GRADUATE him — including marriage, children and a career. The Money's you receive. 25 $803,000................................. $1,165,000 ... page 11 stale based the estimate on what Zimmerman could ... page 15 ... page 10 For instance, 18-year-old men who receive graduate 35 $624,000 $956,000 have been expected to earn during his working years. Worth education will be “ worth” more than twice as much as 45 $401,000.................................... $639,000 The ethical questions raised by this decision are Sylvia Porter peers who don’t complete high school. On average, 55 $178,000.................................... $298,000 cruelly complex. The dollar total also focuses that first 18-year-old can expect to earn just over $1.3 WOMEN HIGH SCHOOL COLLEGE attention anew on a question that has intrigued me for million while the high-school dropout can expect to GRADUATE GRADUATE years — in and out of print. earn about $601,000 between the ages of 18 and 64. 25 $330,000 ................................. $474,000 How do you value a life? How do you determine the Meanwhile, an 18-year-old woman who completes 35 $235,000 ................................. $335,000 worth of your own life? How can I make judgments This is exactly the information provided by the high school will average lifetime earnings of $381,000, 45 $145,000 ................................. $207,000 that one person’s life is actually worth more — in Census Bureau in a fascinating new report with the or about 27 percent less than the $523,000 of an 55 $61,000 .....................................$93,000 financial terms, anyway — than another's? On what dry title "Lifetim e Earnings Estimates for Men and 18-year-old woman who finishes four years of college. basis? Women in the United States: 1979 (Series P-60, No. This close link between education and earnings Cloudy tonight Manchester, Conn. Of course we make these difficult estimates all the 139)." THE HUGE DIFFERENCE between earnings of potential is underscored by this statistical portrait of and Saturday time in claims, lawsuits, settlements involving men and women at the same age and education levels an 18-year-old woman. Friday. July 8, 1983 negligence and negligent death — insurance compan STARTLING DISPARITIES in income leap out of — See page 2 are.not related to discrimination in the workplace, the Single copy; 259 ies, juries and courts doing so directly. the statistics based on age, sex and educational level. Census Bureau observes. The statistics aren't EDUCATIONAL LEVEL.. LIFETIME WORTH lEanrl^ratpr MrralJn One way to reach wan answer is to examine the The estimates are based on 1978, 1979 and 1980 data, sufficiently refined to take into consideration the Less than 12 y ea rs..................................$211,000 expected lifetime earnings: how much you can averaged and put in 1981 constant dollars. reasons for the gaps: Women’s working lifetimes are High school, 4 years ...............................$381,000 anticipate earning in view of your age, sex, While the figures tell us what people sharing a set of more interrupted than men's by "time-outs” to raise a College, 1 to 3 years................................ $460,000 educational attainment and your general economic characteristics can anticipate earning, individual family, care for ailing relatives, change jobs when College, 4 years.......................................$523,000 environment. cases — such as vours — may differ significantly from husbands are transferred. College, 5 years or m ore ........................$699,000 Deakin: ‘Debategate’ case BUSINESS Gfjossman's ‘It’ll be Reagan: staff ftnC^evRns p r o d u c t s com pRO Y a biggie’ Office condos seen By Alex GIrelll must tell all Herald City Editor With only a few thousand dollars WASHINGTON (UPI) - Presi ”We want to get to the bottom of catching on in U.S. in its budget for psychiatric dent Reagan pledged his full this andwewantitoutintheopen,” consultation, the Manchester cooperation today and ordered Speakes said Reagan told his everyone in the administration, aides. NEW YORK (U PI) — Condominium Not surprisingly, the condominium school system is concered about including Cabinet members and ownership, which has mushroomed so office trend began with common Sum m ertim e the impact of a federal ruling that Speakes said Reagan's appear White House aides, to tell all they dramatically in residential property in will require school districts to pay ance was unexpected to all except interest groups. Doctors, lawyers, know about how the Reagan camp recent years, is spreading to the office financial firms, small insurance com the costs of special education for Baker, Meese and deputy chief got President Carter’s political market and a New York realtor expects panies and art and antiques dealers students who need private psychi of staff Michael Deaver, his three atric care. strategy papers during the 1980 top advisers. rapid growth. banded together. Such groups had campaign. It already is having an impact on maintained offices in cooperative Wilson E. Deakin, assistant He said the president was Deputy press secretary Larry prime location properties in New York, buildings for years, but the condomi superintendent of schools, said, “ straightforward” and “ wanted to Project Savings Speakes told reporters Reagan Chicago, Los Angeles, Baltimore, nium plan has certain advantages over "It's going to be a biggie,” when meet the senior staff eye to eye to made a surprise visit to the senior Washington, Dallas, Houston, Denver a co-op in that individual owners have asked about the potential cost to underscore his desire, as he says, staff meeting to instruct all and Miami. greater freedom of action. Manchester. ’we want the truth.’” staffers ” to teli everything they Ronnie Spencer says condominium Now condos are spreading to firms He was unable to say, however, He said Reagan did not ” ask any know about the allegations.” ownership of commercial properties, that don't have an obvious common how high the cost might rise. questions, he told” the staff what He also ordered counselor Edwin as opposed to renting space or buying interest. New York Telephone Co. is The decision, issued by the U.S. he wanted. Meese to see to it that CIA Director an entire building, originated in selling condominiums to all comers in a Department of Education, over Although Speakes has been William Casey, all members of the Europe for the same reasons that it is huge building on Manhattan’s Avenue rules a state Department of saying for the past few days Cabinet ’’and everyone else in the catching on now in the United States: of the Americas. Ms. Spencer is Education policy that psychother Reagan wanted a vigorous investi soaring rents, high interest costs on involved in developing a big general apy is a medical service and not an administration are instructed gation by the Justice Department, likewise.” buying or constructing a building, and office condominium project for Rocke educational service. the president himself has not been the growing scarcity of real prime feller University in a ritzy section of Under the present policy, for Speakes said Reagan also turned available for comment. to White House counsel Fred commercial locations, which can make east Manhattan. instance, Manchester pays the So far the FBI has not requested Fielding during his 2iA-minule owning one’s office space in a good “ Banks now are quite willing to write educational portion of the cost of a an interview with Reagan, stay in the Roosevelt Room and location an excellent investment. office condominium mortgages and young person who is a patient in a Speakes said. He added that the said, “ Fred, tell the FBI that Some office and other commercial large insurance companies and many psychiatric institition, like the president would submit to ques everybody is cooperating fully and condominiums are put up as new other big companies show signs of Institute of Living in Hartford. tioning in person. will be available for questioning, buildings, Ms. Spencer said, but most getting into such ventures,” Ms. However, the schools do not pay for He reaffirmed Reagan's pre including m e." are conversions of rental properties. Spencer said. the other costs of the institution. vious statements that he was not “ We want the truth,” Speakes Plain dollars and cents dictate the Some office condominiums are being Deakin said that under the new aware President Carter's debate quoted Reagan as saying. condominium trend, she said. “ With opened in rather small towns. There's a ruling it will be necessary to decide briefing book wound up in the rents on prime office locations in New brand new one in Red Bank, N.J., for case by case whether the pyschiat- Speakes said the president hands of the team that coached York City running from $45 to upwards example. ric treatment will benefit the walked into the room at 8:15 a m. him for his 1980 debate with Carter.

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