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Education and economic inequalities

Author

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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.

Suggested Citation

  • Theodore M. Mitrakos, 2004. "Education and economic inequalities," Economic Bulletin, Bank of Greece, issue 23, pages 27-46, July.
    • Handle: RePEc:bog:econbl:y:2004:i:23:p:27-46
    as

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    File URL: https://www.bankofgreece.gr/BogEkdoseis/econbull200407.pdf
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    References listed on IDEAS

    as
    1. Weichselbaumer, Doris & Winter-Ebmer, Rudolf, 2003. "Rhetoric in Economic Research: The Case of Gender Wage Differentials," Economics Series 144, Institute for Advanced Studies.
    2. Nicholas G. Zonzilos, 2004. "Econometric Modelling at the Bank of Greece," Working Papers 14, Bank of Greece.
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    More about this item

    Keywords

    : inequality; education;

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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