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Educational Inequality and the Fiscal Policy to Empower Poor Student

NIDA Economic Review Journal

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Title Educational Inequality and the Fiscal Policy to Empower Poor Student
 
Creator ปัทมสิริวัฒน์, ดิเรก
เฮงพัฒนา, สุวิมล
พันธุเณร, พุดตาน
 
Description This paper takes a case study of unequal opportunity in tertiary education between the rich and the poor and articulates for policy adjustment in Thailand’s student loan program. Our model assumes that parentsare in general altruistic toward their children and they are willing to invest in children education, yet, their capabilities to invest vary considerably. As the consequencethe chance of tertiary education is very limited for poor children; they enter labormarket while young age in the lowly paid occupations, without decent welfare, andearn low income over lifetime. We use the National Statistical Office’s householdsurvey to analyze educational attainment of two generations, i.e., parents and children, and specifically estimate the relationship between education attainment and class selection. Our findings indicate that only 1 percent of children of low income household obtained bachelor degrees, compared to 11 percent the national average and 35 percent for the high income group. Regarding policy implication, we articulate for policy adjustment in the state operated student loan program. The fund is intendedto allocate loan for poor families—yet, in reality, the target for reaching poorstudent is questionable. Our proposal recommends a new way of allocating student loan, specifically, (i) a new branch of an area-based screening (approxi-mately 1,000 units in total) committee to select children (18-22 year old) from poorfamilies with decent school performance; (ii) the selected students are entitled toborrow money for tuition fee and to receive free-of-obligation grant for monthlystipend; iii) the centralized monitoring system be established to monitor the area-based targeting errors and to recommend operational changes in the course of development. The estimated fiscal cost of granting will be 2,387 million baht in four year span. These may serve as useful information for educational policy maker.
 
Publisher Development Economic Review (พัฒนาการเศรษฐกิจปริทรรศน์)
 
Date 2012-01-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier //tci-thaijo.org/index.php/NER/article/view/22696
 
Source Development Economic Review (พัฒนาการเศรษฐกิจปริทรรศน์); Vol 6 No 1 (2555): NIDA Economic Review Journal; 1
1906-2540
 
Language eng
 
Relation //tci-thaijo.org/index.php/NER/article/view/22696/19403
 
Rights Copyright (c) 2017 Development Economic Review (พัฒนาการเศรษฐกิจปริทรรศน์)