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Education and economic inequalities

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  • Theodore M. Mitrakos

    ()
    (Bank of Greece)

Abstract

The paper examines the structure and determinants of economic inequality in Greece and the EU-15 countries using data from the latest available Greek Household Budget Survey and the 7th wave of the ECHP survey. Emphasis is given to the possibly less well- researched but nonetheless important role of education in the shaping of economic inequalities. The analysis shows that in Greece, as in most EU countries, economic inequalities are primarily due to within population group disparities. However, nearly one fourth of aggregate inequality in most countries and mainly in Mediterranean countries is attributed to disparities between the population groups defined according to their educational characteristics and to a lesser extent to the occupational characteristics of the household head. In the light of this former finding, policies aimed at reducing educational disparities and improving human capital within the more disadvantaged groups of the population are likely to be more effective policies for alleviating economic inequalities.

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File URL: http://www.bankofgreece.gr/BogEkdoseis/econbull200407.pdf
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Bibliographic Info

Article provided by Bank of Greece, Economic Research Department in its journal Economic Bulletin.

Volume (Year): (2004)
Issue (Month): 23 (July)
Pages: 27-46

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Handle: RePEc:bog:econbl:y:2004:i:23:p:27-46

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Web page: http://www.bankofgreece.gr
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Keywords: : inequality; education;

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  1. Weichselbaumer, Doris & Winter-Ebmer, Rudolf, 2003. "Rhetoric in Economic Research: The Case of Gender Wage Differentials," IZA Discussion Papers 905, Institute for the Study of Labor (IZA).
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Cited by:
  1. Petros M. Migiakis, 2012. "Reviewing the proposals for common bond issuances by the euro-area sovereign under a long-term perspective," Economic Bulletin, Bank of Greece, Economic Research Department, issue 37, pages 43-54, December.
  2. Nikos G. Zonzilos & Zacharias G. Bragoudakis & Georgia I. Pavlou, 2009. "An analysis of the reliability of first (flash) quarterly national account data releases for Greece," Economic Bulletin, Bank of Greece, Economic Research Department, issue 32, pages 39-51, May.
  3. Christos Papazoglou, 2009. "Is Greece's export performance really low?," Economic Bulletin, Bank of Greece, Economic Research Department, issue 32, pages 27-37, May.
  4. Costas N. Kanellopoulos, 2012. "The Size and structure of uninsured employment," Economic Bulletin, Bank of Greece, Economic Research Department, issue 37, pages 23-41, December.
  5. Theodoros M. Mitrakos & George T. Simigiannis, 2009. "The determinants of Greek household indebtedness and financial stress," Economic Bulletin, Bank of Greece, Economic Research Department, issue 32, pages 7-26, May.
  6. Zacharias Bragoudakis & Dimitrios Sideris, 2012. "Do retail gasoline prices adjust symmetrically to crude oil price changes? the case of the Greek oil market," Economic Bulletin, Bank of Greece, Economic Research Department, issue 37, pages 7-21, December.
  7. Dimitra Aggelopoulou & Stavros Zografakis & Panayiotis Sypsas, 2011. "Distribution of poverty and inequality indices for various groups in Greece using the bootstrap technique," International Journal of Economic Sciences and Applied Research (IJESAR), Technological Educational Institute (TEI) of Kavala, Greece, vol. 4(2), pages 81-97, August.
  8. Theodore Mitrakos, 2014. "Inequality, poverty and social welfare in Greece: distributional effects of austerity," Working Papers 174, Bank of Greece.
  9. Costas N. Kanellopoulos, 2012. "Employment and worker flows during the financial crisis," Economic Bulletin, Bank of Greece, Economic Research Department, issue 36, pages 31-41, April.

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