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dc.contributor.authorDutt, Amitava Krishnaen_US
dc.contributor.authorVeneziani, Robertoen_US
dc.date.accessioned2010-12-16en_US
dc.date.accessioned2012-09-25T07:18:16Z-
dc.date.available2012-09-25T07:18:16Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/64183-
dc.description.abstractThis paper develops a classical-Marxian macroeconomic model to examine the growth and distributional consequences of education. First, the role of education in skill formation is considered and it is shown that an expansion in education will promote growth and have beneficial distributional effects within the working class, but it will redistribute income from workers to capitalists. Second, the model is extended analyze the broader political economic consequences of education on class relations and class conflict. The model suggests the importance of a progressive type of education rather than one which weakens the power workers, for it allows for equitable growth outcomes which improve the position of workers as a whole and reduces inequality within workers. Finally, the model shows that education leads to multiple equilibria and it stresses the importance of providing suitable incentives to workers for taking advantage of greater education access, without which the economy can be caught in a low-skill trap.en_US
dc.language.isoengen_US
dc.publisherUniv. of Massachusetts, Dep. of Economics Amherst, Mass.en_US
dc.relation.ispartofseriesWorking Paper, University of Massachusetts, Department of Economics 2010-10en_US
dc.subject.jelE2en_US
dc.subject.jelE11en_US
dc.subject.jelO41en_US
dc.subject.jelJ31en_US
dc.subject.ddc330en_US
dc.subject.keywordeducationen_US
dc.subject.keywordgrowthen_US
dc.subject.keyworddistributionen_US
dc.titleA classical-Marxian model of education, growth and distributionen_US
dc.typeWorking Paperen_US
dc.identifier.ppn641899297en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Working Papers, Department of Economics, University of Massachusetts

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