This study develops a theory of investment in human capital which rests on the assumption that an individual will choose to remain in school if the present value of the future income stream associated with additional education exceeds that associated with the present level of education. The...

As private education becomes widespread over the last decade in South Korea, the education gap among regions and social classes, noticeably widens. The recent global financial crisis exacerbates the problem as the rich continues to utilize more private education while the poor utilizes it less....

The present paper explores trends in privatization of school education in Andhra Pradesh and regional variations and its implications

The present background paper reviews the progress of education including K12, vocational and higher education, skill development and literacy particularly during the last two decades in Andhra Pradesh and an attempt is made to identify gaps. It is observed that pre-primary education in the...

In this paper, we examine the consequences of imperfect information on the pattern of transfers from parents to children. Drawing on the theory of mechanism design, we consider a model of family contract with two levels of effort. We prove that equal transfers among children are expected under...

This paper focuses on the implications of private tutoring in Turkey for questions of equity regarding the provision of public education, based on an analysis of previously published research. The nature of the private tutoring and its relation to the two national selection examinations in...

The present paper imparts that it is need of the hour to take a broader view of child labour to include not only the reportedly working children but also those nowhere children, namely those neither reported working nor attend school. In line with the perspectives of human capital, human...

We study happiness inequality in the United States using data from the 2005 to 2010 Behavioral Risk Factor Surveillance System (BRFSS). We aggregate individual level data to the state level and study how the average life satisfaction of various income, education, and life satisfaction groups...

Inequality in individual income, assets or occupational status among society work as a hindrance to realize objective of balanced economic development. Also with the modernisation of society and integration of economies the question of social fluidity is becoming essential aspect of development....

The present paper examines status and disparities across sub-population groups distinguished by location, gender and caste, and across, states with respect to literacy. It also explores the prospects of literacy rate in India with a modelling of simulation exercise while considering different...