Following is a question by the Hon Luk Chung-hung and a written reply by the Secretary for Financial Services and the Treasury, Mr Christopher Hui, in the Legislative Council today (May 5):
Question:
Will the Government inform this Council of the average monthly employment earnings (at constant 2018 dollars) of full-time employees across different birth cohorts (as set out in the first column of the table below) when they reached the ages listed in the table below, broken down by selected educational attainment (i.e. (i) upper secondary educated, (ii) post-secondary non-degree educated, (iii) bachelor's degree educated, and (iv) postgraduate educated) (set out in tables of the same format as the table below)?
Educational attainment: _________
| Birth cohort | Year in which the cohort aged 20-24 |
Earnings ($) of cohort members when their ages reached | |||
| 20-24 | 25-29 | 30-34 | 35-39 | ||
| 1970 – 1974 | 1994 | ||||
| 1975 – 1979 | 1999 | ||||
| 1980 – 1984 | 2004 | ||||
| 1985 – 1989 | 2009 | – | |||
| 1990 – 1994 | 2014 | – | – | ||
| 1995 – 1999 | 2019 | – | – | – | |
Reply:
President,
Based on the data obtained from the General Household Survey conducted by the Census and Statistics Department, average monthly employment earnings of full‑time employees (at constant 2018 dollars, excluding foreign domestic helpers) of different cohorts by selected educational attainment are provided below:
(i) Full-time employees (Note 1) with upper secondary educational attainment
| Cohorts born in | Year in which the cohort aged 20-24 |
Average monthly employment earnings (Note 2) of the cohort concerned when their ages reached (HK$) | |||
| 20-24 | 25-29 | 30-34 | 35-39 | ||
| 1970 – 1974 | 1994 | 12,100 | 14,900 | 18,400 | 18,600 |
| 1975 – 1979 | 1999 | 11,700 | 14,600 | 16,500 | 17,900 |
| 1980 – 1984 | 2004 | 10,600 | 13,000 | 15,600 | 19,300 |
| 1985 – 1989 | 2009 | 10,700 | 13,700 | 18,200 | – |
| 1990 – 1994 | 2014 | 11,900 | 15,600 | – | – |
| 1995 – 1999 | 2019 | 13,500 | – | – | – |
(ii) Full-time employees (Note 1) with post-secondary non-degree educational attainment
| Cohorts born in | Year in which the cohort aged 20-24 |
Average monthly employment earnings (Note 2) of the cohort concerned when their ages reached (HK$) | |||
| 20-24 | 25-29 | 30-34 | 35-39 | ||
| 1970 – 1974 | 1994 | 14,800 | 20,000 | 24,800 | 26,300 |
| 1975 – 1979 | 1999 | 14,300 | 18,200 | 21,600 | 23,600 |
| 1980 – 1984 | 2004 | 11,600 | 15,700 | 19,100 | 24,400 |
| 1985 – 1989 | 2009 | 11,600 | 15,100 | 21,400 | – |
| 1990 – 1994 | 2014 | 12,200 | 17,100 | – | – |
| 1995 – 1999 | 2019 | 14,400 | – | – | – |
(iii) Full-time employees (Note 1) with undergraduate educational attainment
| Cohorts born in | Year in which the cohort aged 20-24 |
Average monthly employment earnings (Note 2) of the cohort concerned when their ages reached (HK$) | |||
| 20-24 | 25-29 | 30-34 | 35-39 | ||
| 1970 – 1974 | 1994 | 19,400 | 26,500 | 38,300 | 45,900 |
| 1975 – 1979 | 1999 | 17,100 | 24,600 | 37,300 | 40,000 |
| 1980 – 1984 | 2004 | 14,300 | 23,700 | 31,000 | 41,100 |
| 1985 – 1989 | 2009 | 16,900 | 21,700 | 33,700 | – |
| 1990 – 1994 | 2014 | 16,200 | 24,300 | – | – |
| 1995 – 1999 | 2019 | 18,000 | – | – | – |
(iv) Full-time employees (Note 1) with post-graduate educational attainment
| Cohorts born in | Year in which the cohort aged 20-24 |
Average monthly employment earnings (Note 2) of the cohort concerned when their ages reached (HK$) | |||
| 20-24 | 25-29 | 30-34 | 35-39 | ||
| 1970 – 1974 | 1994 | 26,100 | 34,700 | 47,100 | 65,300 |
| 1975 – 1979 | 1999 | 21,100 | 29,300 | 47,200 | 51,400 |
| 1980 – 1984 | 2004 | 19,600 | 31,700 | 43,000 | 59,400 |
| 1985 – 1989 | 2009 | 19,900 | 27,100 | 46,000 | – |
| 1990 – 1994 | 2014 | 18,300 | 29,800 | – | – |
| 1995 – 1999 | 2019 | 19,400 | – | – | – |
Note 1: Refer to employees who work at least 35 hours, or those who work less than 35 hours due to vacation during the seven days before enumeration.
Note 2: The average monthly employment earnings are easily affected by extreme values in the survey sample, more so when reckoned for higher-end workers. They should therefore be interpreted with caution, in particular when they are compared over time.
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