Does Education Really Help?

Skill, Work, and Inequality

Business & Finance, Career Planning & Job Hunting, Labor, Nonfiction, Reference & Language, Education & Teaching, Educational Theory, Educational Reform
Cover of the book Does Education Really Help? by Edward N. Wolff, Oxford University Press
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Author: Edward N. Wolff ISBN: 9780190293567
Publisher: Oxford University Press Publication: April 25, 2006
Imprint: Oxford University Press Language: English
Author: Edward N. Wolff
ISBN: 9780190293567
Publisher: Oxford University Press
Publication: April 25, 2006
Imprint: Oxford University Press
Language: English

This book challenges the conventional wisdom that greater schooling and skill improvement leads to higher wages, that income inequality falls with wider access to schooling, and that the Information Technology revolution will re-ignite worker pay. Indeed, the econometric results provide no evidence that the growth of skills or educational attainment has any statistically significant relation to earnings growth or that greater equality in schooling has led to a decline in income inequality. Results also indicate that computer investment is negatively related to earnings gains and positively associated with changes in both income inequality and the dispersion of worker skills. The findings reports here have direct relevance to ongoing policy debates on educational reform in the U.S.

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This book challenges the conventional wisdom that greater schooling and skill improvement leads to higher wages, that income inequality falls with wider access to schooling, and that the Information Technology revolution will re-ignite worker pay. Indeed, the econometric results provide no evidence that the growth of skills or educational attainment has any statistically significant relation to earnings growth or that greater equality in schooling has led to a decline in income inequality. Results also indicate that computer investment is negatively related to earnings gains and positively associated with changes in both income inequality and the dispersion of worker skills. The findings reports here have direct relevance to ongoing policy debates on educational reform in the U.S.

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