|Title:||SOCIALIZATION OF INCOME DISTRIBUTION: THE CONTRADICTIONS OF THE PRESENT STAGE|
Vol. 7, No 1, 2014
Published date: 20-05-2014 (print) / 20-05-2014 (online)
Economics & Sociology
ISSN: 2071-789X, eISSN: 2306-3459
|Keywords:||investment in education sphere, labor productivity, distribution of factor incomes, institutions that govern the interaction of business and education|
|JEL classification:||H52, I24, I25|
The article describes the relationship between the additional costs allocated by society to the educational sphere and the dynamics of labor productivity and the distribution of the factor incomes. The article identifies institutional constraints to economic growth and social return on investment in education, and the social conditions that enhance the contribution of education to the welfare of society.