Income inequality, having increased significantly since the 1970s, is receiving much attention in America these days. While access to higher education often gets mentioned as a culprit, rising income inequality is primarily the result of government policy failure, and not the failure of the higher education sector.
Table 1 below shows a significant relationship between income levels and educational attainment. Basically, the higher the education level, the higher the income. For example, people with professional degrees earned 6x as much as people who did not graduate from high school (in 2009: $128,000 vs. $20,000).
College degrees significantly boost earnings, but women and minorities benefit less.
Children in low-income households do less well than their better-off peers on many outcomes in life, such as education or health, simply because they are poorer. While a parent’s level of education, attitude towards bringing up children and other parental factors also have a bearing, research ...
However, does the attained education affect the income situation of a household? The paper provides results of an analysis focusing exactly on relationship between attained level of education and the income situation of households in the Czech Republic, mainly those ones living at risk of poverty.
On average, more education does translate into more-valuable skills, and the results of our simulation exercise support that view. At the same time, they make it clear that increasing the share of working-age men that have college degrees will do very little to decrease the overall level of earnings inequality. ... This will have the effect of ...
The study suggests that improving education does in fact help the economic situations of poorer Americans, even though it does little to whittle away at overall inequality in the country.
education affects the two tails of the distribution of incomes; it reduces the income share of top earners and increases the share of the bottom earners, but has no effect on the share of the middle class. Inequality in education widens income inequality. Education has a larger negative effect on inequality in Africa.
Measured at school entry, they found a pooled mean effect size of around 0.3, with many programs having effect sizes between 0.5 and 0.97. This means that for many interventions, children in the program were, on average, one-half to a full standard deviation above their peers who were not in the program.
Imagine if the United States government taxed the nation’s one-percenters so that their post-tax share of the nation’s income remained at 10 percent, roughly where it was in 1979. If the ...