The Effect of Education on Income Inequality
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This paper shines a light on the relationship between education attained and income inequality. All of our data is recent and comes from the Human Development Data Center. The income inequality was measured by the Gini Coefficient, a renowned statistic used to measure the income inequality of a country. A simple linear regression was evaluated by using country’s average number of years of education completed and the country’s Gini coefficient. After reviewing multiple studies attributed to this relationship, it was apparent that there are multiple other factors contributing to this relationship. Multiple regression models were calculated with secondary variables such as government expenditure and median age. Understanding this relationship will help countries decrease income inequality.