Add wos sample results library

02-data/intermediate/wos_sample/77985c341e272904a31a9d32aad6445f-goswami-sriparna-an/info.yaml

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+abstract: 'Purpose This paper aims to understand the differing impacts of wealth
+
+  distribution on human capital accumulation and skilled-unskilled labour
+
+  generation under three educational paradigms as follows: private, public
+
+  and a system of mixed education. Design/methodology/approach The authors
+
+  use an overlapping generations model. Findings The wealth dynamics show
+
+  that both in the private education system and public education system,
+
+  there are two possible outcomes- stagnation and steady growth depending
+
+  on the efficiency of the education system, skill premium and other
+
+  parameters. The choice of the education system through voting is
+
+  discussed. It is found that skilled workers would always vote for
+
+  private education whilst unskilled workers vote for private education if
+
+  public education expenditure of the economy is low. Research
+
+  limitations/implications The study is subject to several limitations.
+
+  This paper considers the rate of interest and wage rate to be
+
+  exogenously given, and thus ignores the general equilibrium effects. The
+
+  authors do not consider the labour-leisure choice. The introduction of
+
+  labour leisure choice in the model would alter many of the results. The
+
+  authors do not consider heterogeneous ability across individuals. The
+
+  analysis of the differential efficiency of the different education
+
+  systems needs further, rigorous research. Also, this paper does not
+
+  consider other occupations such as entrepreneurship and self-employment.
+
+  This paper considers the labour demand function to be perfectly elastic,
+
+  and hence, does not consider any demand constraint. What happens if
+
+  bequests are taxed? What happens if parents are not altruistic? These
+
+  questions may be addressed in future research. Social implications If
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+  the proportion of tax paying skilled labour is low in any country, pure
+
+  public education may not be able to generate sustained human capital
+
+  growth. For countries with a sufficiently large proportion of skilled
+
+  labour, the public education system would be successful. On the other
+
+  hand, if skill premium is low or the education system is poorly managed
+
+  private education system may fail too. Originality/value Whilst
+
+  investigating the effects of public vs private education on growth and
+
+  development in the presence of unequal wealth distribution, The authors
+
+  have tried to address a few questions. First, why the public education
+
+  system has been successful in skill accumulation in developed countries
+
+  whilst it has failed to do so in less developed countries? Second, why
+
+  do some countries with mostly privately run educational institutions
+
+  perform much better in human capital production whilst others do not?
+
+  Third, in an economy with unequal wealth distribution, what are the
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+  factors that result in public or private education as a voting
+
+  equilibrium outcome?'
+affiliation: 'Chakraborty, B (Corresponding Author), Jadavpur Univ, Dept Econ, Kolkata,
+  India.
+
+  Goswami, Sriparna, Iowa State Univ, Dept Econ, Ames, IA 50011 USA.
+
+  Chakraborty, Bidisha, Jadavpur Univ, Dept Econ, Kolkata, India.'
+author: Goswami, Sriparna and Chakraborty, Bidisha
+author-email: 'sriparnagoswami@gmail.com
+
+  bidisha.chakraborty@gmail.com'
+author_list:
+- family: Goswami
+  given: Sriparna
+- family: Chakraborty
+  given: Bidisha
+da: '2023-09-28'
+doi: 10.1108/IGDR-02-2020-0025
+earlyaccessdate: AUG 2021
+eissn: 1753-8262
+files: []
+issn: 1753-8254
+journal: INDIAN GROWTH AND DEVELOPMENT REVIEW
+keywords: 'Growth; Public choice; Human capital; Public education; Private
+
+  education; O15; I25; H31; J24'
+keywords-plus: 'HUMAN-CAPITAL ACCUMULATION; OCCUPATIONAL CHOICE; ENDOGENOUS GROWTH;
+
+  POLICY; INCOME; INEQUALITY'
+language: English
+month: OCT 5
+number: '3'
+number-of-cited-references: '41'
+pages: 350-372
+papis_id: 87596566f115a382455b7a5f3ca1f94f
+ref: Goswami2021wealthdistribution
+times-cited: '0'
+title: Wealth distribution and skills generation under public and private education
+  systems
+type: Article
+unique-id: WOS:000685279900001
+usage-count-last-180-days: '1'
+usage-count-since-2013: '9'
+volume: '14'
+web-of-science-categories: Development Studies
+year: '2021'