Paradox of Educational Attainment and Income. African Day Celebration 2022

Activity: Talk or presentationInvited talk

Description

Academic literature and anecdotal evidence suggest a significant positive relationship between education and poverty via the income channel. However, our findings suggest otherwise. We find that as a group, Africans living in Scotland are highly educated. Specifically, 93% of the respondents have either a graduate or a postgraduate degree. However, this high level of educational attainments does not translate to quality employment and wealth accumulation. However, about 81.39% earned between £0-£26,000 per annum and only about 15.31% earned £27,000 and £54,000 and 3% earned above £55,000 at the end of March 2020. Evidence from our empirical data analysis reveals a statistically significant negative relationship between income and educational attainment in our datasets. Therefore, we reject the null hypothesis of a positive impact. The result indicates that getting an additional academic qualification will lead to a loss in income on average, holding all the other variables in the model constant.
Period28 May 2022
Degree of RecognitionNational

Keywords

  • Educational Attainment
  • Poverty
  • Income