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Education: The People's Asset

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  • Birdsall, N.
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    Abstract

    Education, the most easily measured form of human capital, is, like land and other forms of wealth, an asset. Once acquired it cannot be stolen or sold, and as its amount increases, the proportion of other assets in total wealth declines; if education is more equally distributed than other assets, the total concentration of all assets declines. This paper sets out the evidence for a vicious circle in which history, geography and economic policies in Latin America have generated high income inequality; high income inequality has contributed to low and unequal accumulation of education; and low and unequal accumulation of this asset has reduced growth and exacerbated income inequality.

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    Bibliographic Info

    Paper provided by Brookings Institution - Working Papers in its series Papers with number 5.

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    Length: 48 pages
    Date of creation: 1999
    Date of revision:
    Handle: RePEc:fth:brooki:5

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    Postal: THE BROOKINGS INSTITUTION, 1775 MASSACHUSETTS AVE N.W. WASHINGTON D.C. 20036 U.S.A.
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    Web page: http://www.brook.edu/
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    Related research

    Keywords: EDUCATION ; HUMAN RESOURCES;

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    Cited by:
    1. Lisa R. Anderson & Jennifer M. Mellor & Jeffrey Milyo, 2003. "Inequality, Group Cohesion, and Public Good Provision: An Experimental Analysis," Working Papers 0308, Harris School of Public Policy Studies, University of Chicago.
    2. Thorbecke, Erik & Charumilind, Chutatong, 2002. "Economic Inequality and Its Socioeconomic Impact," World Development, Elsevier, vol. 30(9), pages 1477-1495, September.
    3. Mohamed Ben Mimoun, 2004. "On the role of inequalities and public education expenditures in human capital investment : a theoretical approach," Cahiers de la Maison des Sciences Economiques bla04094, Université Panthéon-Sorbonne (Paris 1).

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