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

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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.

Suggested Citation

  • Rajashri Chakrabarti & Michelle Jiang, 2018. "Education’s Role in Earnings, Employment, and Economic Mobility," Liberty Street Economics 20180905, Federal Reserve Bank of New York.
    • Handle: RePEc:fip:fednls:87273
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    Keywords

    Inequality; Education; Employment; Earnings;
    All these keywords.

    JEL classification:

    • I24 - Health, Education, and Welfare - - Education - - - Education and Inequality

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