Pandej ChintrakarnMahidol University. International College. Business Administration Division2015-09-042018-04-052015-09-042018-04-0520152011International Research Journal of Finance and Economics. Vol. 61 (2011), 15-19https://repository.li.mahidol.ac.th/handle/20.500.14594/10491This paper presents empirical evidence on how education is related to income distribution in a panel data set of US states from 1988-2003. Utilizing two-way fixed effects model, the results suggest that education measured by the proportion of the population with at least a collage degree has negative and statistically significant effects on all U.S. States' income inequality measures.Thus our findings indicate that increased education plays a significant role in making income distribution more equal.engMahidol UniversityEducationIncome inequalityArticle