Assignment on Education free essay sample

Introduction The relationships between education, inequality, and poverty in Bangladesh have been discussed at some length. The standard view is that broad-based economic inequality is poverty. Yet, poverty may also be associated with rising inequality, which then tends to offset part of the gains from education. However, studies on the returns to education in developing countries generally indicate higher social benefits at primary level compared to secondary and tertiary levels. While social benefits for primary education are high in Bangladesh, private benefits are higher for secondary-level education than primary level.On the other hand, private costs are lower for primary education than for secondary education. Poor households in Bangladesh cannot afford to keep their children until they complete the secondary level because of high costs – both direct costs and opportunity costs. Inequality in the access to secondary education is the main cause of persistent poverty in Bangladesh. But the recent improvement of female participation rates in both primary and secondary levels confirms the favorable impact of targeted approach. We will write a custom essay sample on Assignment on Education or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Policies should be directed to both boys and girls from poor households.Conceptual issues relating to poverty and education The study of poverty and education is difficult not only because of the circular nature of the relationship. It is complex because poverty has many dimensions that are affected by education. Poverty signifies lack of income, and deprivation in terms of political and civil rights, voice, freedom of choice, and the quality of life based on health and education. While education is a goal in itself, it can be instrumental to poverty alleviation working not only through income but through its influence on other dimensions of poverty.For self-employment, it enables the worker to acquire access to inputs, technology and market information. The impact of poverty on educational investment Investment in educational human capital in developing countries may be studied using Becker? s framework for the demand and supply of human capital. The demand represents the present discounted value of benefits (labor market earnings), and the supply represents the present discounted costs of education (school fees, travel costs, opportunity costs in terms of foregone earnings).There are several points attached t o the issue of demand that are important. Earnings possibilities are affected by labor market conditions faced differentially by individuals, for example, male worker may face greater opportunity of work and higher wages than female workers (Mazumdar, 1989). The demand for education is not only determined by productivity and income associated with schooling, but in many cases schooling of children is affected by the individual characteristics of students such as ability, motivation, and family background interacting with each other (Behrman, 1990).Poverty of the households plays an important role in perpetuating low motivations and low demand for education. Poverty trends in Bangladesh Poverty estimates in Bangladesh are available from different sources national accounts statistics, Household Expenditure Surveys (HES) carried out regularly by the Bureau of Statistics, poverty studies by BIDS (Bangladesh Institute of Development Studies) and various nutrition surveys by several agencies. There has been a great deal of contr oversy regarding the poverty trends in Bangladesh.Controversies specifically relate to the significant improvement of poverty situation in early 1980s and the worsening position of the urban poor compared to their rural counterparts claimed by some studies based on HES. The study (1996) by M. Ravallion and B. Sen refute these results on methodological grounds. According to their revised estimates, †¦ there was a reduction in poverty incidence, depth and severity around the mid-1980s, but that was not sustained after that (Ravallion and Sen).