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PhD holders earn more than master's degree holders.
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CONTESTED PARTIAL
Recorded sources
3 sources for · 1 against
Is it true that PhD holders earn more than master's degree holders?
Partly. One Silicon Valley case study reports PhD holders hired at higher salaries than master's holders, and a fragmentary 1973 British education text hints doctorate holders earn more. Against that, a 2022 South African household survey found master's degree holders earning more than PhD holders, so the evidence is mixed and only partial.
Verdict: CONTESTED PARTIAL · 3 sources for, 1 against · Last checked
Evidence for · 3
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About 13.1 Percent Have a Master’s, Professional Degree or DoctorateLock. (n.d.). census.gov. https://www.census.gov/library/stories/2019/02/number-of-people-with-masters-and-phd-degrees-double-since-2000.html
Evidence against · 1
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Mothibi, L. & Dunga, S. (2026). Estimating Economic returns to Education in South Africa. doi.org. https://doi.org/10.38159/ehass.20267314
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More for · 2
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Employment mechanisms of doctoral degree holders in private companies in a society with a developed external labor market : a case study of Silicon Valley in the United States. (2024). shs.hal.science. https://doi.org/10.14988/0002000730
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Ozga, J. & Studies, O. U. F. o. E. (1973). Decision-making in British Education. books.google.com. http://books.google.com/books?id=8ewEAQAAIAAJ&dq=PhD+holders+earn+more+than+master%27s+degree+holders.&hl=&as_pt=BOOKS&source=gbs_api
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held for human review16 Oct 2026
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