HOUSEHOLD EDUCATION EXPENDITURE AND WELL-BEING IN INDIA: A COMPREHENSIVE COMPARATIVE ANALYSIS
Smriti Vyas , Department of Social Studies, The PNG University of Technology, New Delhi, IndiaAbstract
In India, educational expenditure by households plays a pivotal role in shaping both individual and familial well-being. "Household Education Expenditure and Well-Being in India: A Comprehensive Comparative Analysis" investigates how spending on education impacts the socio-economic status, quality of life, and overall well-being of families across different income groups, regions, and educational levels. The study employs a comparative approach, analyzing data from various households to explore the correlation between educational spending and well-being metrics such as health, income levels, employment opportunities, and social mobility. The research further delves into the disparities in educational expenditure across different states and socio-economic backgrounds, highlighting the challenges faced by lower-income groups in accessing quality education. By examining the long-term effects of household educational spending, the study provides insights into the broader implications for policy reforms aimed at enhancing educational access and improving well-being outcomes. This analysis contributes to understanding the significance of education as a catalyst for improving household prosperity and reducing inequality.
Keywords
Household education expenditure, well-being, socio-economic status
References
World Bank. (2021). "Education in India." Retrieved from https://www.worldbank.org/en/country/india/brief/education
Government of India. (2021). "National Family Health Survey (NFHS-5)." Retrieved from https://dhsprogram.com/what-we-do/survey/survey-display-543.cfm
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Mundle, S., & Ramaswami, B. (2005). "Poverty decline, agricultural wages, and nonfarm employment in rural India: 1983–99." Economic and Political Weekly, 1557-1573.
Dreze, J., & Sen, A. (1995). "India: Economic development and social opportunity." Oxford University Press.
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