-linear relationship between these two measures of inequality, actual data indicate that average years of education have a stronger … capita income and positively related to capital/output ratio and government expenditure in education …

We develop a classical macroeconomic model to examine the growth and distributional consequences of education. Contrary …-reducing. Expansive education policies may foster growth and reduce earning inequalities between workers, but only by transferring income … from workers to capitalists. Further, the overall effect of an increase in education depends on the actual characteristics …

research explained why education enhances earnings; why earnings rise at a diminishing rate throughout one's life; why earnings …