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Educational opportunity and income inequality
| Content Provider | Library of Congress - Books/Printed Material |
|---|---|
| Author | Willen, Paul. Hendel, Igal |
| Spatial Coverage | United States |
| Temporal Coverage | 2004 |
| Copyright Year | 2004 |
| Abstract | "Affordable higher education is, and has been, a key element of social policy in the United States with broad bipartisan support. Financial aid has substantially increased the number of people who complete university - generally thought to be a good thing. We show, however, that making education more affordable can increase income inequality. The mechanism that drives our results is a combination of credit constraints and the 'signaling' role of education first explored by Spence (1973). When borrowing for education is difficult, lack of a college education could mean that one is either of low ability or of high ability but with low financial resources. When government programs make borrowing or lower tuition more affordable, high-ability persons become educated and leave the uneducated pool, driving down the wage for unskilled workers and raising the skill premium"--National Bureau of Economic Research web site. |
| Language | English |
| Publisher | National Bureau of Economic Research |
| Publisher Place | Cambridge, MA |
| Part of Series | Catalog |
| Requires | HTML5 supported browser |
| Access Restriction | Open |
| Subject Keyword | Education and State Effect of Education On Government Aid To Higher Education Regional Disparities United States Wages |
| Subject Domain (in LCSH) | Wages--Effect of education on--United States |
| Subject Domain (in LCSH) | Wages--United States--Regional disparities |
| Subject Domain (in LCSH) | Education and state--United States |
| Subject Domain (in LCSH) | Government aid to higher education--United States |
| Subject Domain (in LCC) | HB1 |
| Content Type | Text |
| Resource Type | Book |
