PAPER OBJECTIVES • Describe how a country can measure its income inequality. • Evaluate the effect of income inequality on the U.S. economy, such as unemployment, economic growth, and other economic factors. • Estimate the gap between those who hold bachelor’s and higher (master or doctoral) degrees and those who do not. • Explain reasons why the inequality gap between educated and less-educated workers has been widening. • Evaluate whether increasing opportunities for higher education can reduce income inequality. • Analyze what else causes U.S. income inequality to widen. • Recommend how to reduce educationally based income inequality or other factors if you were a federal policy maker.