Department Chair

Dr. Frederick Floss

Date of Award

5-2019

Access Control

Open Access

Degree Name

Applied Economics, M.A.

Department

Economics and Finance Department

Advisor

Dr. Frederick Floss

Department Home page

https://economics.buffalostate.edu

First Reader

Dr. Frederick Floss

Second Reader

Dr. Theodore Byrley

Abstract

Family income and education have been a major concern in a variety of researches, and as a topic in society. These two components are a major concern because they are known to be key elements in determining future success for an individual. Various studies investigated the significance, correlations and impacts these two factors have on one another. It is common for the amount of family income obtained to determine how much education one will receive in the future. This study focuses on testing the hypothesis that family income determines how much education a child will receive in the future. By exploring the possible relationships between both education and family income, and other factors such as gender and race, this study analyzes and determines the common assumptions. More specifically, the idea that family income significantly influences the amount, or level, of education a child will receive in the future. This analysis is carried out using a linear regression on family income, race, and gender versus the educational attainment received. Findings show that family income continues to play a significant role in a child's future educational attainment level. Findings also show gender and race playing a significant role in a child's future educational attainment if you are a female, and a significant role if your race is white.

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