Education’s Role in Earnings, Employment, and Economic Mobility

Rajashri Chakrabarti and Michelle Jiang

No 20180905, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: Amid dialogue about the soaring student loan burden, questions arise about how educational characteristics (school type, selectivity, and major) affect disparities in post-college labor market outcomes. In this post, we specifically explore the impact of such school and major choices on employment, earnings, and upward economic mobility. Insight into determinants of economic disparity is key for understanding long-term consumption and inequality patterns. In addition, this gives us a window into factors that could be used to ameliorate income inequality and promote economic mobility.

Keywords: Inequality; Education; Employment; Earnings (search for similar items in EconPapers)
JEL-codes: I24 (search for similar items in EconPapers)
Date: 2018-09-05
New Economics Papers: this item is included in nep-ure
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