Himeji-Ken V. Dela Peña and Regina P. Galigao (Authors)
Abstract
Intergenerational mobility and equality of opportunity are essential for achieving inclusive and sustainable economic growth. However, disparities in education access, quality, and outcomes persist, hindering social mobility and perpetuating inequality. This study employs data mining techniques to investigate the role of economics of education in promoting intergenerational mobility and equality of opportunity. Our findings highlight the importance of addressing these disparities through targeted policies and interventions. Investing in teacher training, technology access, and parental education initiatives can enhance education outcomes and intergenerational mobility. Implementing inclusive and equitable education policies, such as need-based scholarships and affirmative action programs, can promote equal opportunities for marginalized groups. The economics of education plays a vital role in shaping individual and societal outcomes. Education expenditure, access, and quality significantly influence human capital development, labor market outcomes, and social mobility. However, inequities in education systems and policies exacerbate existing socioeconomic disparities, limiting opportunities for marginalized groups.
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Keywords: Education, Equality, Socioeconomic