Question: Step 1 : Use the search function on FRED to try and find the series that you think come closest to the ideal measures you
Step : Use the search function on FRED to try and find the series that you think come closest to the ideal measures you identified in part a I wound up working with the following three series
Employment Level Bachelors Degree and Higher, Yrs & OverLNS
Population Level YrsLNU
Population Level Yrs & OverLNU
Since weve restricted our wage series to individuals years and over, it makes sense to do the same thing for the employment and population series. Unfortunately, FRED does not appear to have a series for and over". However, it has two separate series for ages and and over So adding these two series should give us the denominator we want. If you think that other series are more appropriate, thats totally fine, as long as you discuss why in part a above.
Step : Using similar steps as in Part compute the number of employed college graduates years and older as a fraction of the population aged and older, using a formula like this: abc where a"college educated workers", b"workers aged and c"workers aged Like in Part the series should already be in percent, which is what we want, so there is no need to change the units.
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