Educational development in a country should reliably predict the level of wealth and its distribution. Undeveloped societies tend to have highly inegalitarian distribution functions. The development process accelerates this tendency by rewarding wealthy segments of the population that are in a position to invest in the growing economy. Finally, in…

Discusses educational equality and inequality from an economist's perspective. Considers human capital theory and interpretation of life cycles in learning and earning. Addresses schooling and experience components of changes in the inequality of earned incomes, educational expansion, and inequalities in schooling. Explores the roles of skill…