Literature Review on the Impact of Education on Individual Income

摘要

Since the 21st Century, the relationship between education and income, the trend of changes in the rate of return on education and the impact of the level of education on income gap have become hot issues in the field of labor economics and economics of education. Through sorting out the previous researches, this paper summarizes the relevant literature from four aspects which include related theories of education and income; the impact of education quantity on income; the different distribution of return to education and the impact of education quality on income, in order to provide reference and a new research point for the further research on return to education.