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CEPAL Review

Cepal Review is the leading journal for the study of economic and social development issues in Latin America and the Caribbean. Edited by the Economic Commission for Latin America, each issue focuses on economic trends, industrialization, income distribution, technological development and monetary systems, as well as the implementation of economic reform and transfer of technology. Written in English and Spanish (Revista de la Cepal), each tri-annual issue offers approximately 12 studies and essays undertaken by authoritative experts or gathered from conference proceedings.

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Is education income-equalizing? Evidence from Peru

Is the education system income-equalizing? The evidence from developing countries shows that while education has expanded tremendously in recent decades, income distribution has not become more equal. This article seeks to resolve this seeming paradox. A theoretical model is constructed for the relationship between education and income in which ethnicity plays a key role in the distribution process. The model predicts that the education system is not income-equalizing. A broader set of predictions are derived from the theoretical model and then compared to Peruvian data. Statistical tests produce results that are consistent with the model’s predictions.

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