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The effect of education expenditures on income inequality

by Lynch, Michael Francis

Abstract

Income inequality has steadily increased in the United States since the census bureau began officially accounting for it in 1967. Over thirty-percent of American income has been concentrated with the top 5% of income earners since 1976. This study examines the notion that education expenditures have an equalizing effect on income inequality. Based on a panel dataset of fifty states over twenty years from 1986-2005, this research examines the effect of total current education expenditures and sector specific expenditures on the Gini-coefficient. A fixed effects regression model, applied with lagged expenditure data, shows that education only reduces income inequality in the long-run.

Note

bachelor

Bachelor of Arts

Includes bibliographical references.

Administrative Notes

None

Copyright
Copyright restrictions apply.
Publisher
Colorado College
PID
coccc:4110
Digital Origin
born digital
Extent
79 pages : illustrations (some color)
Thesis
Senior Thesis -- Colorado College
Thesis Advisor
de Arauju, Pedro
Department/Program
Department of Economics and Business
Degree Name
bachelor
Degree Type
Bachelor of Arts
Degree Grantor
Colorado College
Date Issued
2011