The Economic Value of Education

Paper Summary:

This paper shows several sides of this issue by stating that many believe that by obtaining the right job, education shouldn't matter while discussing the economic values of acquiring a higher education and the many benefits reaped as a result, and conversely, how having little or no education is directly linked to low income jobs, unemployment and poverty.

From the Paper:

"The status of educated families and non educated families in Indonesia is also an example of how education increases incomes and gives better employment. It also shows how more money will motivate parents to allow their children to have education. In both of these countries, it has been known that many that live in poverty don't really want change. They probably wouldn't mind a little extra money, but they think they can live without it. Also, some don't mind if their children has a college education or not. Some would rather their children not have an education, because they are afraid of their children looking down upon them.
Like the United States, those with little or no education find it hard to get a good job, therefore putting the family in poverty level. As we all know banks do not like to loan money to those who are in poverty."

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