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

Income elasticity, With the recession, average incomes have fallen from $44...

With the recession, average incomes have fallen from $44,375 to $41,720.  Before the recession Groucho's Gizmos sold 600 gizmos a month. As an economics, predict the number of gizm

What is economic theory, What is Economic Theory? An economic theory th...

What is Economic Theory? An economic theory that can be considered an axiomatic approach comprise a set of assumptions and circumstances, an analytical framework and explanatio

Analytical framework- shapes of graphs, ive been asked to compare shapes of...

ive been asked to compare shapes of graphs e.g. constant slopes increasing, decreasing, inelastc using the concepts of marginal and average changes?

Equilibrium price & quantity, Research has revealed the following informati...

Research has revealed the following information about the market for Thomas chocolates; the demand schedule can be represented by the equation Qd=850 @20 dollar. The supply schedul

Barometric forecasting, It is also known a sleadig indicators forecasting N...

It is also known a sleadig indicators forecasting National Bureau of Economic Research of U. S.A has identified three types of indicate Leading indicators coincidental indicators a

Market, describe engineering cost theory in detail

describe engineering cost theory in detail

COST FUNCTION, A firm has two plants. One plant produces according to a cos...

A firm has two plants. One plant produces according to a cost function cl (91) = Yf. The other plant produces according to a cost function c2(y2) = Yg. The factor prices are fixed

Qi, During the 1990s, technological advance reduced the cost of computer ch...

During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use of supply and demand diagrams, how the following markets are affected in terms of

Compute marginal cost and average total cost, Crumble Corporation produces ...

Crumble Corporation produces cookies. Here is the relationship between the number of workers and output (in dozens of cookies) in a given day: Workers Output Marginal Product T

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