mpact of Education and Income Inequality on Per Capita Income Amid COVID-19 pandemic
mpact of Education and Income Inequality on Per Capita Income Amid COVID-19 pandemic

Summary/Abstract: The present research study is an attempt to analyse the effects of various levels of education and income inequality on real GDP per capita, in the COVID-19 pandemic era, including 70 countries. We found empirical evidence that the relationship of various levels of education with growth of real income per capita remained the same in 2020 as it was in 2010, except for the slight difference in the magnitudes of the coefficients. The primary school enrolment of the two decades earlier has revealed as the increasing factor to the income per person. However, when we took a decade early or so values the relationship became converse indicating primary school enrolment as the decreasing factor to the income per capita. The empirics indicated that the secondary school enrolment remained contributing factor to the growth of income per capita, and it is the most effective level of education to increase the real GDP per capita. Moreover, there is no empirical evidence in the favour of relationship between tertiary education and the income per person. The income inequality has also provided insignificant results in our analysis.

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