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dc.contributor.authorDutt, Amitava Krishnaen
dc.contributor.authorVeneziani, Robertoen
dc.date.accessioned2010-12-16-
dc.date.accessioned2012-09-25T07:18:16Z-
dc.date.available2012-09-25T07:18:16Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aUniversity of Massachusetts, Department of Economics |cAmherst, MAen
dc.relation.ispartofseries|aWorking Paper |x2010-10en
dc.subject.jelE2en
dc.subject.jelE11en
dc.subject.jelO41en
dc.subject.jelJ31en
dc.subject.ddc330en
dc.subject.keywordeducationen
dc.subject.keywordgrowthen
dc.subject.keyworddistributionen
dc.titleA classical-Marxian model of education, growth and distribution-
dc.typeWorking Paperen
dc.identifier.ppn641899297en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:ums:papers:2010-10en

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