Inequality traps and human capital accumulation in South Africa

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dc.creatorPellicer, Miquel
dc.creatorRanchhod, Vimal
dc.date2013-02-28T13:39:54Z
dc.date2013-02-28T13:39:54Z
dc.date2012
dc.date.accessioned2015-05-28T10:05:13Z
dc.date.available2015-05-28T10:05:13Z
dc.date.issued2015-05-28
dc.descriptionWe consider the interaction between human capital accumulation and inequality in South Africa. We start by discussing three alternative theoretical frameworks that relate inequality and investment decisions in post-secondary education; namely the 'perfect credit markets hypothesis', the 'imperfect credit markets hypothesis' and the 'social externalities hypothesis'. Each of these suggests different policy implications. We then consider which of these seems to have the most validity in the South African context, by presenting some original analysis as well as considering some of the related literature. Our findings suggest that South Africa is indeed in an 'inequality trap' situation and that credit markets do not work well. There is some evidence that social externalities compound the effects of the imperfect credit markets. We conclude with a discussion of possible policy directions. These include information on eligibility to tertiary institutes of education, awareness campaigns regarding public financing options, subsidization of application and registration fees and efforts to improve school quality at the primary and secondary levels.
dc.descriptionNIDS data
dc.identifierhttp://hdl.handle.net/11090/177
dc.identifier.ris TY - Report DA - 2015-05-28 DB - OpenUCT DP - University of Cape Town KW - Human capital KW - Inequality KW - Post-secondary education KW - School quality LK - https://open.uct.ac.za PB - University of Cape Town PY - 2015 T1 - Inequality traps and human capital accumulation in South Africa TI - Inequality traps and human capital accumulation in South Africa UR - http://hdl.handle.net/11090/177 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11090/177
dc.language.isoeng
dc.publisherSouthern Africa Labour and Development Research Unit
dc.publisher.departmentSALDRUen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subjectHuman capital
dc.subjectInequality
dc.subjectPost-secondary education
dc.subjectSchool quality
dc.titleInequality traps and human capital accumulation in South Africa
dc.typeReport
uct.type.publicationResearchen_ZA
uct.type.resourceSALDRU Reporten_ZA
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