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

State the example of price and price level, State the example of price and ...

State the example of price and price level Create a basket which contains all the goods sold by a specific store on a specific day. Price of this basket is then a price level -

Market supply labour, use a graphical illustration to describe briefly what...

use a graphical illustration to describe briefly what the influence of each of the following be on the market supply of labour,(a) an increase in immigrants, (b) a reduction in wag

Change in consumer taste, Change in consumer Taste/preference: Any chang...

Change in consumer Taste/preference: Any change in consumer taste or preference causes demand to change. Increased taste or preference for a particular good causes demand to inc

Statistics, please can you explainn what "down 0.1 percentage point on the ...

please can you explainn what "down 0.1 percentage point on the quarter means"?

The demand curve, The owner of the sole stage-theatre in the city of Vorder...

The owner of the sole stage-theatre in the city of Vordervilla has found through   experience that the cost of running his 600-seat theatre remains virtually the same irrespective

Consumer surplus, using necessary and sufficient condition explain consumer...

using necessary and sufficient condition explain consumer surplus diagrammically and mathematically?

Ppc, how to define or interpret ppc curve

how to define or interpret ppc curve

What is meant by the circular flow of income, Problem 1: a. Briefly exp...

Problem 1: a. Briefly explain and distinguish between a centrally planned, laissez-faire and mixed economy. b. According to you, which type of economic system is most desira

Determine the fiscal policy, How might an accurate value for the multiplier...

How might an accurate value for the multiplier aid a government in setting fiscal policy? Any given multiplier will enhance national income at a given rate times enhance in gov

Effect of effluent fees on the firm input choices, The Effect of Effluent F...

The Effect of Effluent Fees on the Firms' Input Choices *  Firms which have a by-product to production produce an effluent. *  An effluent fee is a per unit fee which firms

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