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Color and Money Is a College Course!
Saturday, April 5, 2008
Reality is a lot more complicated than that. The truth is that the economic payoffs from a bachelor's degree vary greatly depending on parental wealth, according to study findings recently presented by Marvin A. Titus, an assistant professor of higher education at the University of Maryland, at the American Educational Research Association conference in New York.
The study is discussed in greater depth here on The Chronicle of Higher Education news blog. It's bottom line is that, while people from poor backgrounds greatly increase their earning potential by getting a bachelor's, they're unlikely to earn more than people from wealthy backgrounds, including those who never went to college.
Titus calls for more research on how people acquire the "social capital" that keeps the rich ahead of the poor and influences long-term earnings.