The link between education and income

النوع : Mémoire

This study has two major purposes. The first purpose is to document the problems confronting traditional approaches to education in the developing countries. The second is to focus on the effect of the socio-economic variables on the educational sector, in terms of inputs (tuition, cost) and outputs (income, revenues). Data regarding population, enrollment, total educational expenditures, literacy and other socio-economic parameters for Lebanon were collected from the rare official sources. The most available important sources were: UNDP surveys, ECWA reports, and the Central Administration for Statistics in Lebanon. Examination of growth rates of the above variables indicates that traditional approaches to education have resulted in a serious imbalance in the developing countries. It may be predicted from the trends that the education systems of these countries will not be able to raise productivity substantially to meet the needs of development. Specific conclusions were derived: 1) performance level of education depends almost on the parents’ choice to shift from public to private. The performance of the school has a deep impact in the matter of choosing between a public and a private school. 2) The rate of public schooling, especially public university education, is lately in permanent progress because of the economic recession in the country. Moreover, financial aid is limited in the private sector. 3) The conditions of life of a household evidently depend on its income but also on the number of people forming this household. 4) The third world countries have done a laudable job in expanding educational opportunities in a bid to give their children a fair chance to receive education. Despite their heroic effort to eliminate illiteracy, the total number of illiterates has increased in most of these countries. 5) Sharp increases in total educational expenditures clearly outstrip the abilities of these countries to finance education. Continuation of this trend may result in a crippling burden on their economies. 6) The expectation of a student from a college investment is to meet a required rate, which may value equitable return on the capital market. 7) It is predicted that many of these countries may not be able to continue to contribute at the present rate of investment in education.