Linkage of education with poverty and income distribution, Microeconomics

Assignment Help:

Linkage of Education with Poverty and Income Distribution

We may recall that the four principles governing the establishment of the facilities for education were identified as: equity, regional parity, quality and efficiency. The need for according due weightage to these principles may differ in their extent from country to country depending on the state of development of the economy. To illustrate this, let us consider the basic features of a developing country where even with five decades of planning more than one-third of its population is illiterate and close to one-fourth of its total population is below the poverty level.

The situation demands concerted efforts to get the children from poor families attend school by providing suitable incentives (e.g. free books, mid-day meals, etc.). Over a fairly long term interval, policies for promoting compulsory education up to a certain level helps in mitigating poverty. This happens when the income levels of poor families increase with the education acquired by their children. There is thus a time gap during which it is necessary to retain the child in the education system without allowing the child to dropout from the system prematurely. While this is one direction in which the education policies should aim, policy orientation is also required for establishing facilities for higher education.

This will be required to meet the demand created for higher education by the middle/high income group families. Due to the ability of the latter to acquire higher education the gain in their earnings will actually be larger than that gained by the members of the poorer families. Thus, in an overall sense, while education contributes to raising the living standards of all sections of the society, the gap between the income levels of the rich and the poor may actually widen. What is significant, however, is to note that with education the quality of life of the poor also improves which in its absence would remain unchanged.

 


Related Discussions:- Linkage of education with poverty and income distribution

Mixed strategies, Find the best response functions and the mixed strategies...

Find the best response functions and the mixed strategies Nash Equilibrium if each player randomizes over his actions.

Allocation function, Allocation Function The shifting or reallocation ...

Allocation Function The shifting or reallocation of production property into or out of markets based on shifts in prices for the products or services produced in that market.

Describe the poverty cycle, Describe the poverty cycle and suggest how a de...

Describe the poverty cycle and suggest how a developing country can break the cycle. The poverty cycle is explained as the trap developing countries can land in; low incomes →

Market structures, illustrate and discuss the implications of various marke...

illustrate and discuss the implications of various market structures (competitive and non competitive) for price determination

Neoclassical economics, Neoclassical economics is dominant approach to econ...

Neoclassical economics is dominant approach to economics currently taught and practiced in most of the world (and particularly dominant in Anglo-Saxon countries). It attempts to ex

Cost function, Costs: If raw materials, machines and other things require...

Costs: If raw materials, machines and other things required for production could be made available freely then the study of the theory of the production and indeed, the study of

Supply decisions, \-6 6\ Why\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\...

\-6 6\ Why\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\

Mathematical derivation of ordinary demand function, Mathematical Derivatio...

Mathematical Derivation of ordinary demand function: Here we present the mathematical and more general proof of the above result. Consider, again, the initial price income sit

Cost push inflation, what are the solutions to cost push inflation

what are the solutions to cost push inflation

Disadvantages of division of labour, Disadvantages of division of labour: ...

Disadvantages of division of labour: Division of labour may also have disadvantages that may include the following: (i) Lack of Craftsmanship Division of labour does not m

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd