Comparing people income with college degrees and people without Research Paper

Comparing people income with college degrees and people without college degrees - Research Paper Example Carmel, Stanley, Nolan, and Young support this observation and identify a positive correlation between education level and income among individuals (67-77). While Sedat acknowledges a similar relationship between the variables, his study did not identify a significant relationship (62-72), a position that Lin, Gao, Zhuang, and Chen reiterate (n.p.). Wells however identifies a significant relationship between education level and income with economic independence (13-21) and the study seeks to ascertain validity of the proposed relationship. Academic qualification is one of the determinants in employment and dictates people’s positions. This suggests a relationship with income that also varies with type of job and an individual’s position in an organization. The study proposes to ascertain significance of proposed relationship between education level, whether a person has a degree or not, and level of income. The study will use data from Infoplease to obtain average income for a person with a degree across years and average income for a person without a degree across respective years. Test of hypothesis for difference between means will then be used to determine existence difference between the two secondary means and a significant difference would mean that education level affect income. Lin, Jing, et al. â€Å"Exploring correlation between education level, income level, and job satisfaction in Gippsland.† Agribusiness Gippsland. N.d. Web. August 21, 2013. . Sedat, Gumus. â€Å"Investigating the relationship between the quality of education and level of educational attainment in Turkish provinces.† International Journal of Education Reform 21.1 (2012): 62-72. Wells, Ryan. â€Å"Education’s effect on income inequality: A further look.† California Centre for Population Research. N.d. Web. August 21, 2013.