Relationship between Education Attainment and Income Mobility in Tanzania

Fatuma Budi ()

American Journal of Economics, 2024, vol. 8, issue 1, 26 - 38

Abstract: Purpose: The aim of the study was to assess the relationship between education attainment and income mobility in the United States. Methodology: This study adopted a desk methodology. A desk study research design is commonly known as secondary data collection. This is basically collecting data from existing resources preferably because of its low cost advantage as compared to a field research. Our current study looked into already published studies and reports as the data was easily accessed through online journals and libraries. Findings: Studies on the relationship between education attainment and income mobility in the United States consistently demonstrate a strong correlation between higher levels of education and increased income mobility. Research indicates that individuals with higher levels of education, such as a college degree or advanced degrees, have greater opportunities for upward income mobility compared to those with lower levels of education. Education serves as a crucial determinant in economic success, enabling individuals to access higher-paying jobs and career advancement opportunities. Moreover, education not only provides individuals with specific skills and knowledge but also enhances their ability to adapt to changing economic conditions and technological advancements, further contributing to income mobility. Implications to Theory, Practice and Policy: Human capital theory, social capital theory and structural functionalism may be use to anchor future studies on assessing the relationship between education attainment and income mobility in the United States. Implement targeted interventions aimed at reducing barriers to educational access and attainment, particularly for marginalized and disadvantaged populations. Advocate for evidence-based policy reforms that prioritize educational equity and address systemic barriers to income mobility.

Keywords: Education; Attainment; Income Mobility (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:bfy:ojtaje:v:8:y:2024:i:1:p:26-38:id:1791

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