The Correlation Between Education and Income Inequality

Abstract

This paper analyzes the dynamics of wealth and education inequality in the world. This topic is very useful for the current economic situation. Meanwhile, the economic circle has different views on this issue by searching different literature. Each paper comes up with a different result and a different conclusion based on a different way of calculating economic inequality, and most scholars are divided into two groups, those who think they are strongly related and those who think they are not deeply related. These papers use some special calculations to calculate economic inequality. After analyzing the experimental process and results, it was found this issue and came up with personal views. In opinion, education does have a great impact on the economic situation of the middle class, but for the richest group of people, education has little impact on them. However, this research result still has some defects, so researchers need to consult more pieces of literature and obtain more data to obtain a more accurate result, which would greatly improve the level of economic inequality and extreme poverty in the world.