The Upjohn Institute has completed some insightful research on the impact of college education on career earnings for individuals from low-income and higher income family.
Individuals from low-income family backgrounds gain in career earnings from college, but these college earnings gains may not be enough to equalize economic opportunity. This handicap for individuals from lower-income backgrounds is driven largely by differential access to the upper tail of the earnings distribution. The relative lack of access to the highest earnings for low-income college graduates is of extra concern because the top of the earnings distribution has seen the fastest recent growth. Individuals from poorer backgrounds may be encountering a glass ceiling that even a bachelor’s degree does not break. Download the article here.