The impact of higher education on wage inequality
Date
2007-04
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Abstract
This study explores the effect of higher education on the dispersion of income and concludes that equalizing the distribution of college education, and additionally by providing the poor with good quality college education, will lead to lower inequality in wages. It estimates the rates of return to education between income groups. It finds that the middle wage earners derive the highest rates of return from education. It also finds evidence of gender gap in earnings and that this is more apparent among the poorest social classes. The study analyzes data from the Labor Force Survey from 2001 to 2003. Quantile Regression and Simulation are the empirical methods used.
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Keywords
Higher education, Wage, Wage inequality, Socioeconomic status, Labor force