Intergenerational Income and Educational Inequality

Podcast created by: Jason Lin and Tyler Bacon

There is an observed correlation between educational attainment and household income levels in the United States. When observing the statistics there are certainly advantages that higher income levels have over that of lower income households. This includes access to private education, tutoring services, and access to better public school districts with greater resources that lower income households don’t have access to in many cases. These advantages help contribute to the increased widening of the wage gap that is simultaneously affected by the increased demand for secondary education in the labor market. While there are other factors that can provide reasoning to education quality like cultural and social factors, the majority of inequity in education attainment correlates to different income levels.