DP16572 The Rise of the Educated Class
|Publication Date:||September 2021|
|Keyword(s):||Globalization, populism, Public Education, trade specialization|
|JEL(s):||E02, F6, H4, I24, N10, O3|
|Programme Areas:||Public Economics, Economic History, Macroeconomics and Growth|
|Link to this Page:||cepr.org/active/publications/discussion_papers/dp.php?dpno=16572|
Recent decades have seen dramatic developments in Western countries, which happened in a number of areas, political, economic and social. These are the growing support for extreme political parties, mainly on the right. A shift in production specialization in the West, mainly in the US, from manufacturing to global services. The third change is the rapid spread of high education, which increased significantly the educated class since the end of WWII. This paper claims that these three processes have strong relations between them and affect one another significantly.