(Lesson 3) Education and Health in Economic Development Flashcards
This plays a vital role in the ability to
absorb technology and to develop a capacity for
self-sustaining growth and development. This is needed for the formation and training
of health personnel.
Education
This is a pre-requisite to productivity. This is an important factor in school attendance.
Health
This is spent on other goods besides
food, and part of the increased food
expenditures is used to increase food
variety without necessarily increasing the
consumption of calories.
Income
Mother’s basic health knowledge
has a positive effect on her child’s health.
Paul Glewwe
prospect of earning more income through modern
sector employment
Educational cost
Demand Side
quantity of school places is determined by political
process
the public supply is fixed by the level of government
educational expenditures
Supply Side
is of
the magnitude of, say, 100% for secondary versus
primary school graduates.
modern-traditional or urban-rural wage gap
They facing an excess of applicants, tend to select
by level of education. They will choose candidates with
secondary rather than primary education even though
satisfactory job performance may require no more than a
primary education.
Employees
This supported by the political pressure of the
educated, then to bind the going wage to the level of
educational attainment of job holders rather than to the
minimum educational qualification required for the job.
Government
This is total payoff of the
education of an individual that benefits the entire
society
Social Benefits of education
This is the phenomena by which
jobs require specified levels of education
Educational certification
This is costs borne by both the
individual and the society (government subsidies)
Social costs of education
This is cost that accrue to an
individual economic unit
Private costs of education
