“…Similarly, higher level of educational attainment increases the probability of getting higher paying jobs. Further, this positive association can also be narrated 6 Altindag, 2012;Burdett et al, 2003;Carmichael and Ward, 2000;Edmark, 2005;Ehrlich, 1973a;Fleisher, 1966;Gillanni, Khan, and Gill, 2011;Han, Bandyopadhyay, and Bhattacharya, 2013b;Juárez, Urdal, and Vadlamannati, 2020;Levitt, 2001;Mazorodze, 2020;Saridakis and Spengler, 2012;Vital, De Souza, and Faciroli, 2020;Wassie, Melese, and Eyasu, 2020) as higher cost associated with incarceration as educated people have more economic as well as social cost of being found guilty. In oppose, some studies have found that higher educational attainment increases the tendency of white collar crimes such as tax evasion, money laundering (Freeman, 1994;Lochner, 2005;Lochner and Moretti, 2001).…”