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application/pdfInvestment and Inequality in Pakistan's Education SectorIn this paper we present arguments for increasing expenditureon the education sector. We show that there exist large inequalities inthe distribution of education services across regions and across gendersso that ensuring equal opportunity for all in education, either fornormative or economic reasons, will require large additional investmentsin this sector. We also present evidence which shows that while the rateof return to education in the country may not be high it has beenincreasing over time, so that higher expenditure on the education sectoris also economically justifiable. Enrollments at all levels have beenincreasing over time, along with household and institutional expenditureon the education sector, which suggests a greater willingness to investin education. If the productivity of education is low then it would benatural to expect a decline over time in the willingness of the peopleand the government to bear t he costs of education. But first, weexamine the evidence about the increasing unemployment of educatedlabour and show that this does not mean that there is an economicsurplus of education in the country, nor that the education sector isoverextended, but that it can be explained by 'search time'.
Adobe PDF Library 5.0; modified using iTextSharp 4.1.6 by 1T3XTWinter 1988,Vol. 27, No.4 Part II
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