Stanford Social Innovation Review : Informing and inspiring leaders of social change

SUBSCRIBE | HELP

Education

Lifetime Inequality

The variation in lifetime earnings and wealth is largely determined by skills acquired by age 23.

 

In today’s economy, a college degree is more important than ever. Not only does it help graduates land that first job, but it can ensure that they earn more over their lifetime as well.

A new model—developed by economists Mark Huggett of Georgetown University, Gustavo Ventura of Arizona State University, and Amir Yaron of the University of Pennsylvania’s Wharton School—shows just how important it is for young adults to be well prepared for the working world. The model demonstrates that...


Want more? Sorry, the full text of this article is only available to subscribers. Subscribe now.

Already a subscriber? Please log in by entering your email address and password into the red login box at the top-right corner of this page.

Need to register for your premium online access, which is included with your paid subscription? Register here.

Tracker Pixel for Entry