Citation
Does speaking multiple languages improve ones income?

Material Information

Title:
Does speaking multiple languages improve ones income?
Creator:
Francis, Andrew D.
Publication Date:
Language:
English

Notes

Abstract:
In today's competitive job market, an individual needs to possess marketable skills in order to stand out and land his or her dream job. One common way young people try to differentiate themselves is by speaking multiple languages. The theory is that this skill set will set you apart from your peers by allowing you to compete on a global scale and add value to multinational firms. According to Jacob Mincer's Human Capital and Economic Growth paper, human capital is important for economic growth (income). Therefore, the ability to speak a second language increases ones human capital and thus will lead to better, higher paying, job prospects. There are several determinants of an individual's income, education levels, experience levels, and geographical locations. This paper will attempt to control for these factors and move in order to determine if there is a statistically significant relationship between the ability to speak multiple languages and ones income level. It is hypothesized that there may be an association between the two variables due to the skill set you bring to the firm. Using county income levels, language ability, degree achievement, and age from around the country in 2015, the paper will analyze any differences between income levels and the percent of that county that is bilingual from 147 US counties in 35 US states. ( en )
General Note:
Awarded Bachelor of Arts, summa cum laude, Major: Economics and Bachelor of Science in Business Administration, cum laude, Major: Finance on May 8, 2018.
General Note:
College or School: Warrington College of Business Administration
General Note:
Advisor: Michelle A. Phillips. Advisor Department or School: Economics Department (CLAS)

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Source Institution:
University of Florida
Holding Location:
University of Florida
Rights Management:
Copyright Andrew D. Francis. Permission granted to the University of Florida to digitize, archive and distribute this item for non-profit research and educational purposes. Any reuse of this item in excess of fair use or other copyright exemptions requires permission of the copyright holder.

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