Overall, the federal government paid 2 percent more in total wages than it would have if average wages had been comparable with those in the private sector, after accounting for certain observable characteristics of workers.
A quick rundown:
High School Grads Go Work for the Government
- Federal civilian workers with no more than a high school education earned about 21 percent more, on average, than similar workers in the private sector.
Bachelors' Degree Federal Benefits Rock
- Average benefits for federal workers whose education ended in a bachelor's degree were 46 percent higher than for similar workers in the private sector.
- Federal employees with a professional degree or doctorate received 18 percent lower total compensation than their private-sector counterparts, on average.
On average, the benefits earned by federal civilian employees cost 48 percent more than the benefits earned by private-sector employees with certain similar observable characteristics.
Read more at: http://www.cbo.gov/doc.cfm?index=12696