Definitions for "Socioeconomic status"
The location an individual or group occupies in the system of social organization shaped by the distribution of economic resources.
a person's position or standing in a society because of such factors as social class, level of education, income, and type of job.
The SES quartile variable used for both High School and Beyond and the National Education Longitudinal Study of 1988 was built using parental education level, parental occupation, family income, and household items. Students were placed in quartiles based on their standardized composite score. By definition, one quarter of each cohort will reside in the bottom SES quartile, even if education levels, income, and the number of persons in more prestigious occupations increase. The terms high, middle, and low SES refer to the upper, middle two, and lower quartiles of the weighted SES composite index distribution.