Which type of educational achievement has the most important effect on later earnings?

Question

Quizplus · Accepted Answer

Educational attainment, or the level of education one completes, has been consistently shown to have the strongest effect on later earnings. This includes degrees and certifications earned beyond high school. While school performance and academic achievement are important factors in completing higher levels of education, they do not necessarily guarantee higher earnings. Cultural capital, which refers to the non-monetary benefits and advantages gained from upbringing and socialization, can also play a role in educational attainment but is not as strong of a predictor of later earnings.

Which Type of Educational Achievement Has the Most Important Effect