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    Etiqueta: educational-attainment

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    Growth 1 – Equality O. And What Role does Education Play?

    By - 19 de June de 2014, 5:13 pm

    Graduation OldNew

    Source: Wikicommons

    Over the past few weeks a great controversy has struck the world of economists following the release of Thomas Piketty’s Capital in the Twenty-first Century. The book has caused a stir because it refers to the role of institutions of capitalism in the development and distribution of income, and implies that we could be headed to a more unequal society.

    Other authors such as Per Krusell and Tony Smith  have also addressed the problem of income inequality, but from different perspectives. They have focused, among other factors, on the role of education and its potential significance to generate better opportunities for all. So, we must ask ourselves: How much do we know about the evolution of educational over time? Are young people today better educated than they were fifty years ago? Lea más…