Next Article in Journal
Social Security and Fighting Poverty in Tunisia
Next Article in Special Issue
Parental Education Better Helps White than Black Families Escape Poverty: National Survey of Children’s Health
Previous Article in Journal
The Effect of Government Debt and Other Determinants on Economic Growth: The Greek Experience
Previous Article in Special Issue
Human Capital, Social Capabilities and Economic Growth
Article Menu

Export Article

Open AccessArticle
Economies 2018, 6(1), 11; https://doi.org/10.3390/economies6010011

Adult Learning, Economic Growth and the Distribution of Income

1
Department of Global Business & Economics, Changwon National University, Changwon 641-773, Korea
2
School of Accounting & Finance, University of the South Pacific, Suva, Fiji
3
School of Business, University of the Leicester, Leicester LE1 7RH, UK
*
Author to whom correspondence should be addressed.
Received: 27 October 2017 / Revised: 11 January 2018 / Accepted: 21 January 2018 / Published: 12 February 2018
(This article belongs to the Special Issue The Role of Education and Health in Economic Development)
View Full-Text   |   Download PDF [443 KB, uploaded 12 February 2018]   |  

Abstract

Technological change causes three consequences: it guarantees economic growth, it requires employees to acquire more skills and human capital, and it increases inequality if employees are not capable adapting to new technologies. The second consequence makes it almost necessary for employees to learn during their whole working life, thereby accelerating technological change. Accordingly, the OECD (the Organization for Economic Co-operation and Development) and many governments supports the idea of lifelong learning, but it remains unclear how to finance the education of adult students who are working efficiently. In this paper, we use an overlapping generation model with human capital accumulation and inequality to derive a mechanism which reduces income inequality and provides an incentive for all adults to invest more in education. As a consequence, the growth rate of per capita income will increase and income inequality will be reduced. View Full-Text
Keywords: adult learning; overlapping generations; human capital; progressive taxation; income inequality adult learning; overlapping generations; human capital; progressive taxation; income inequality
Figures

Figure 1

This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

Share & Cite This Article

MDPI and ACS Style

Stauvermann, P.J.; Kumar, R.R. Adult Learning, Economic Growth and the Distribution of Income. Economies 2018, 6, 11.

Show more citation formats Show less citations formats

Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Related Articles

Article Metrics

Article Access Statistics

1

Comments

[Return to top]
Economies EISSN 2227-7099 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert
Back to Top