Last Updated：2022/12/24
The process of credential inflation is largely self-driven; it feeds on itself. A given level of education at one time gave access to elite jobs. As educational attainment has expanded, the social distinctiveness of that degree and its value on the occupational marketplace have declined; this in turn has expanded demand for still higher levels of education.
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The
process
of
credential
inflation
is
largely
self-driven;
it
feeds
on
itself.
A
given
level
of
education
at
one
time
gave
access
to
elite
jobs.
As
educational
attainment
has
expanded,
the
social
distinctiveness
of
that
degree
and
its
value
on
the
occupational
marketplace
have
declined;
this
in
turn
has
expanded
demand
for
still
higher
levels
of
education.
