The long-term income difference between those who obtain occupational degrees versus those who obtain more general or liberal arts degrees.It is a general understanding that education provides individuals with a number of labor market benefits besides increased income. More educated persons tend to be autonomous, more mobile and flexible, enjoy higher job security, and experience higher levels of employment (Lee, 2014). However, income usually receives the highest attention, even though it may not capture all these advantages of employment. As much as all graduates experience these effects of education, this experience is never uniform. Huge differences do exist when it comes to the income and status of occupation of graduates. There have been many investigations trying to find out what brings these variations and one factor that has featured significantly is fields of study. There are different groupings of fields but generally an individual obtains either an occupational specific degree or a more general or liberal arts degree. The fact that individuals in these different fields have a variation in income is not in contention, what is a subject of discussion is who earns higher and who records higher growth rate in the industry. The general expectation is that the occupational specific degrees, such as engineering, economics and health-related fields, would attract higher earnings as opposed to the liberal arts...
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now