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ERIC Number: ED172379
Record Type: Non-Journal
Publication Date: 1979-Feb
Pages: 69
Abstractor: N/A
Reference Count: N/A
Assessing the Equalization Potential of Education.
Levin, Henry M.
The human capital concept of neoclassical economics holds that increased education will lead to increased productivity and to higher wages. Job queue and labor market segmentation theories argue that improved education merely drives up employment criteria and that the socioeconomic background of the employee is a more significant indicator of earning potential. Marxist theory claims that education is a training process for the capitalistic system, which uses disparate wages simply as a means to structure and control the work force. With these concepts as a background, the author of this document conducted a research project intended to produce a methodology for predicting the potential effects of various educational strategies on the equalization of earned income among males. The method, described in this document, depends on obtaining accurate responses to survey questions concerning educational attainments, backgrounds, occupations, and earnings. A test of the method in El Salvador is described. The author concludes that the impact of education on wealth equalization is far less than has been traditionally supposed and that attempts to equalize wealth through educational strategies are doomed to failure unless those strategies and goals are appropriate to the political and economic structure of the country. (Author/PGD)
Publication Type: Speeches/Meeting Papers; Reports - Research
Education Level: N/A
Audience: N/A
Language: English
Sponsor: National Inst. of Education (DHEW), Washington, DC.
Authoring Institution: Stanford Univ., CA. Inst. for Research on Educational Finance and Governance.
Identifiers - Location: El Salvador