Educational Aspiration: Comparing the value of a high school education vs. a college education.
Educational Aspiration: Comparing the value of a high school education vs. a college education.
In our current economy, the need for a college education becomes increasingly valuable despite the high cost of tuition and loans. The demand for skilled, college-educated laborers is high. A college education can also determine your future income potential and in many cases, it is the only way a person can climb up the socioeconomic ladder. There are two theories that …
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…even the most expensive colleges are a bargain." (Irons, 1998)
References
Diaz-Gimenez, J., & Quadrini, V., & Rios-Rull, J.V. (1997, Spring) Dimensions of Inequality: Facts on the U.S. Distributions of Earnings, Income, and Wealth. Federal Reserve Bank of Minneapolis Quarterly Review, 21(2), pp. 3-21
Hines, John S. (1998, April 01). Education and Income Distribution. New York: General Internet Inc.
National Center For Education Statistics. (1997, July). Findings from The Condition of Education 1997: Postsecondary Persistence and Attainment. New Jersey: Educational Testing Services.
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