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    Investment Mechanism in Education

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    qulb abbas
    This document discusses three assumptions related to how education leads to higher earnings: 1) Skills acquisition in school provides returns through specific cognitive skills, general mental abilities, and social skills that increase productivity. 2) Relationships with parents can influence earnings if parental wealth and social connections provide advantages, or if a child has natural personal abilities. 3) Attending higher quality institutions is assumed to lead to higher earnings, through certificates signaling skills, experience increasing with seniority, and a "halo effect" where intelligence brings higher status. However, these assumptions do not always hold true.

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    Investment Mechanism in Education

    Uploaded by

    qulb abbas
    97 views28 pages
    This document discusses three assumptions related to how education leads to higher earnings: 1) Skills acquisition in school provides returns through specific cognitive skills, general mental abilities, and social skills that increase productivity. 2) Relationships with parents can influence earnings if parental wealth and social connections provide advantages, or if a child has natural personal abilities. 3) Attending higher quality institutions is assumed to lead to higher earnings, through certificates signaling skills, experience increasing with seniority, and a "halo effect" where intelligence brings higher status. However, these assumptions do not always hold true.

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    Investment Mechanism in Education

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    This document discusses three assumptions related to how education leads to higher earnings: 1) Skills acquisition in school provides returns through specific cognitive skills, general mental abilities, and social skills that increase productivity. 2) Relationships with parents can influence earnings if parental wealth and social connections provide advantages, or if a child has natural personal abilities. 3) Attending higher quality institutions is assumed to lead to higher earnings, through certificates signaling skills, experience increasing with seniority, and a "halo effect" where intelligence brings higher status. However, these assumptions do not always hold true.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    97 views28 pages

    Investment Mechanism in Education

    Uploaded by

    qulb abbas
    This document discusses three assumptions related to how education leads to higher earnings: 1) Skills acquisition in school provides returns through specific cognitive skills, general mental abilities, and social skills that increase productivity. 2) Relationships with parents can influence earnings if parental wealth and social connections provide advantages, or if a child has natural personal abilities. 3) Attending higher quality institutions is assumed to lead to higher earnings, through certificates signaling skills, experience increasing with seniority, and a "halo effect" where intelligence brings higher status. However, these assumptions do not always hold true.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 28

    Investment Mechanism in

    Education
    (Assumptions/ guess )
    Qulb e Abbas
    Which is sweet ???
    Introduction to the Topic

    • School choice is one of the


    widely discussed topics in
    education.
    • ???? Parents / Policy Makers /
    government …. Types of
    school for their child.
    Human Capital Theory (1960)
    • The theory states “education
    increases people's
    • general mental capabilities
    • technical skills
    Thereby increasing their productive
    potential in the labor force.
    Assumptions for good earning

    • 1. Skill base leaning and


    Students
    • 2. Social Status and Students
    • 3. Instructional Status and
    Students
    Assumption1:
    Skills at School ????
    Investment
    (2.1.1) Specific Skills Acquisition
    Mechanism
    • Specific job related skills acquired
    through education earn more .
    • Example :
    Civil Engineer Start teaching from school
    • Other name : Specific Cognitive Skills
    Approach
    (2.1.2) Mental Attitudes and Ability
    Creating Investment Mechanism
    • Ability to think and to reason rather than the
    mastery the skills earn more .
    • Example:
    ability to work as engineer as well as Mental
    Skill (S/He handle problems)
    Civil Engineer + Metal Ability
    • Other name : General Cognitive Skills
    Approach
    (2.1.3) Social Attitudes Creating
    Investment Mechanism
    Develop Traits at secondary level
    • Docility (handled)
    • Punctuality
    • Obedience
    Develop Traits at Higher level
    • Thought
    • Creativity
    • Order to other people (ability to do work)
    Example:
    Engineer + social skills (Good Team Member)
    In Pakistan
    Type 1 Type 2 Type 3
    Assumption 2: Parents and Son
    Relationship ???? Investment
    (2.2.1) Twin function of parental
    wealth and social connections
    Mechanism
    “Parent earning is high Son earning is
    also high “
    Problem ???
    (Hema Malini and Esha Deol)
    (2.2.2) Twin function of personal
    Capacity Mechanism
    • Some children have good quality need to
    enhance the ability .
    Conclusion

    • Educated People earn more


    • Less Educated People earn
    Less
    No effect of parent position
    Assumption 3: Institution and
    student relationship????
    Investment
    (2.3.1) Certificates as proxy
    measuring Mechanism
    • Quality Institute mean High Earning

    • Aitchison College Rameez Raja


    • Government high school , Manghot ( Jhelum)
    (2.3.2) Institutionalization for
    convenience and legitimization
    Mechanism
    • Seniority give more earning (more
    experience more Earning )
    VC UET (70 + year) VC UE (52 year)
    Describe by Dore
    Case study of Sri-Lanka
    selection of Clerical Staff

    (Process of Short listing of


    applications)
    (2.3.3) Inertial (inertia)
    institutionalization of once rational
    practice Mechanism
    • Right person for right
    job can earning more
    than the certificate holder.
    • Good Caliber need no
    certificate.
    (2.3.4) Institutionalization for
    professional interest Mechanism
    • More Certificate
    / Higher Grade
    Certificate more
    Earning
    (2.3.5) The Halo Effect (Nisbett and
    Wilson' Experiment)
    • More intelligent men
    are more likely
    to attain
    higher status
    or earning .
    Conclusion Remarks

    • Assumption sometime give


    true/right answer some time it
    misguide us .

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