Relevant bibliographies by topics / Privatization in education

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Academic literature on the topic 'Privatization in education'

Author: Grafiati

Published: 4 June 2021

Last updated: 28 July 2024

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Journal articles on the topic "Privatization in education"

Pring, Richard. "Privatization in education." Journal of Education Policy 2, no. 4 (October 1987): 289–99. http://dx.doi.org/10.1080/0268093870020402.

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Brown, Frank. "Privatization of Public Education." Education and Urban Society 27, no. 2 (February 1995): 114–26. http://dx.doi.org/10.1177/0013124595027002002.

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Brown, Frank. "Privatization and Urban Education." Education and Urban Society 29, no. 2 (February 1997): 204–16. http://dx.doi.org/10.1177/0013124597029002007.

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Rae, Peter. "New Directions: Privatization and Higher Education in Alberta." Canadian Journal of Higher Education 26, no. 2 (August 31, 1996): 59–79. http://dx.doi.org/10.47678/cjhe.v26i2.183238.

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Recent Alberta initiatives in higher education reflect a growing Canadian preoccupation with privatization. Opposing ideological forces offer conflicting assessments of privatization in higher education: as endangering the very nature and goals of higher education or as simply providing additional resources and greater consumer choice. Privatization in higher education is identified as a shift in the balances of finance or control from public to private. It is implemented in higher education through the encouragement or toleration of private educational institutions or through the fostering of private investment in public systems. Alberta's 1994 restructuring of postsecondary education is identified as an approach which implements a privatization agenda while claiming to safeguard public interests.

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Tilak, Jandhyala B. G. "The privatization of higher education." Prospects 21, no. 2 (June 1991): 227–39. http://dx.doi.org/10.1007/bf02336063.

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Brown, Frank, and A. Reynaldo Contreras. "Deregulation and Privatization of Education:." Education and Urban Society 23, no. 2 (February 1991): 144–58. http://dx.doi.org/10.1177/0013124591023002003.

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Datta, Lusika, and Usashi Kundu De. "Privatization of Education in India: A Critical View." International Journal of Social Sciences and Management 8, no. 2 (April 28, 2021): 352–58. http://dx.doi.org/10.3126/ijssm.v8i2.34563.

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Privatization is considered a process which is defined as the transfer of shares or assets, management, responsibilities from the public to private sector. Today it becomes a major issue in Education system. The present paper traces supportive decisions taken by India Government favouring privatization of Education. It also seeks to analyse the present condition of higher education with special reference to privatization of education in India. The paper follows analytical description as methodology through secondary data. It points out the emergence of private sector in higher education. Positive and negative impact of privatization on education & society are also identified. Int. J. Soc. Sc. Manage. Vol. 8, Issue-2: 352-358

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Cooper, Bruce S., and E. Vance Randall. "Fear and Privatization." Educational Policy 22, no. 1 (January 2008): 204–27. http://dx.doi.org/10.1177/0895904807311303.

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Farazmand, Ali. "Globalization, Privatization and the Future of Modern Governance: A Critical Assessment." Public Finance and Management 2, no. 1 (March 2002): 151–86. http://dx.doi.org/10.1177/152397210200200102.

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There is a close but hitherto little-studied relationship between globalization and privatization. This article explores the connection between them from a political economy viewpoint. on globalization, it identifies several theoretical approaches to understanding the phenomenon, notes the various ways in which the word is used, and considers causes and consequences. in exploring the connection with privatization, it is essentially concerned to view the privatizations of the later 20th century as a strategic instrument of the globalization of capital, and a number of reasons are advanced to support this view. the article then looks at the implications of what has gone before for the education of public managers, which has also reflected these late 20th century tendencies. It seeks a reorientation of such education, as we move into a new century, to restore the spirit of public administration as an agent of “public trust”.

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Lhungdim, Mercy Lamneichong, and E. Hangsing. "Privatization of School Education: Problems and Prospects." Shanlax International Journal of Education 9, no. 3 (June 1, 2021): 261–67. http://dx.doi.org/10.34293/education.v9i3.3897.

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Privatization has grown tremendously in the field of education in India to meet the growing demands for education in society. Privatization of education refers to the transfer of provision of education from the state to private providers with the overall policy goals- (i) Increasing access to and participation in basic education, (ii) Improving learning outcomes and overall efficiency and (iii) Improving equity in educational opportunities (Pedró, et al., 2015). School Education plays an important role in shaping the future of the nation by facilitating all-round development of the student. Keeping in view the increasing popularity and rapid growth of a number of private schools and contributions it made to society also comes with its problems. It is equally important on pragmatic grounds to examine the move towards privatization and its problems. In light of this, the present paper attempts to analyse the problems and prospects of privatization of school education as perceived by parents, teachers and students with special reference to Churachandpur District, Manipur.

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Dissertations / Theses on the topic "Privatization in education"

McKinney, Judith. "The Privatization of Special Education." VCU Scholars Compass, 2011. http://scholarscompass.vcu.edu/etd/2387.

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This study, The Privatization of Special Education, addresses a shift in the provision of special education and related services to students with disabilities in the Commonwealth of Virginia. Students with disabilities are being publicly placed in private day and residential schools at public expense. In Virginia, 125 private schools are licensed by the Virginia Department of Education to serve students with Disabilities. The purpose of this study was to develop a profile of programs, services, and interventions offered in private education schools. This nonexperimental design study focused on a secondary data source: the Virginia Department of Education, Private Schools for Students With Disabilities 2010 Annual Survey. Completed surveys were returned by all 125 schools. Results indicated that the majority of private schools licensed to serve students with disabilities are day schools. Students with an Emotional Disability, Other Health Impairment, Specific Learning Disability, and Autism are the most frequently reported disability classifications. Schools tend to be run by corporations and report being accredited by the Virginia Association of Special Education Facilities. Schools offer varying curricula, programs, and services in a variety of settings. This comprehensive profile adds to the body of knowledge or private schools serving students with disabilities in the Commonwealth of Virginia.

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Antunes, Roberta Silva. "Diversity, markets and privatization in brazilian higher education." Master's thesis, Universidade de Aveiro, 2007. http://hdl.handle.net/10773/3327.

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Mestrado em Higher Education (Erasmus Mundus)
Diversidade é um conceito positivamente apoiado pois acredita-se que ele aumente as possibilidades de escolha dos alunos, bem como das instituições no desenvolvimento do sistema de educação superior, especialmente em nações em desenvolvimento. É considerado um mecanismo chave pois faz a educação superior ser mais dinâmica e eficiente. O presente estudo analisa a diversidade no sistema de graduação brasileiro de educação superior baseando-se em dados relativos a 2005. Considera-se o fato de que este sistema possui uma participação significativa do sector privado com fins lucrativos, no qual os mecanismos de mercado exercem fortes influências e analisa até que ponto tais influências são similares (ou não) em relação aos sectores público e privado sem fins lucrativos. O estudo evidencia que o uso de mecanismos de diversidade é influenciado por diferentes razões, as quais dependem em grande parte da forma de financiamento de cada sector e geram resultados que devem ser monitorados a fim de irem ao encontro dos objectivos de desenvolvimento da sociedade. ABSTRACT: Diversity is a concept that is supported positively as it may enlarge students’ choice as well as institutions’ possibilities to develop a higher education system, especially in developing nations. It is considered a key mechanism as it makes higher education more dynamic and efficient. This study analyse diversity in Brazilian higher education system based on data relative to 2005. It takes into consideration the fact that this system has a significant participation of a private for-profit sector in which market mechanisms exert strong influences, and analyses to what extent these influences are similar (or not) in relation to public, not-for-profit and for-profit institutions. It evidences that the use of diversity mechanisms is influenced by different reasons that depend in great part on the funding of each sector and it results in outcomes that should be monitored in order to accomplish with society goals of development.

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Boone, Randall L. "Privatizing public education." Instructions for remote access. Click here to access this electronic resource. Access available to Kutztown University faculty, staff, and students only, 1992. http://www.kutztown.edu/library/services/remote_access.asp.

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Boon, Rachel. "Faculty perceptions of privatization in public universities." [Bloomington, Ind.] : Indiana University, 2009. http://gateway.proquest.com/openurl?url_ver=Z39.88-2004&rft_val_fmt=info:ofi/fmt:kev:mtx:dissertation&res_dat=xri:pqdiss&rft_dat=xri:pqdiss:3373496.

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Thesis (Ph.D.)--Indiana University, Dept. of Education, Leadership and Policy Studies, 2009.
Title from PDF t.p. (viewed on Jul 6, 2010). Source: Dissertation Abstracts International, Volume: 70-10, Section: A, page: 3769. Adviser: Douglas M. Priest.

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Burns, Kyle Joseph. "Examinations and Privatization: Competition in the Japanese Education System." Thesis, The University of Arizona, 2013. http://hdl.handle.net/10150/297516.

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The simple Japanese saying, "the nail that sticks out gets hammered down," speaks an uncountable number of words about Japanese society and education. After the war, remodeling the education system was an important goal of both the Japanese government and the Occupation government alike. The result was an education system that highly resembled the Japanese military pre-war: highly focused on organization, egalitarianism, and "morality" rather than cognitive skills. For the last half century these characteristics have been hotly debated as either key features to the success of Japan's economy or reasons for Japan's economic troubles in the last two decades. Either way, the debates on what direction the education system should go now reveal much about the perceptions of social mobility in Japan. That is, should Japan continue to be a fairly egalitarian system based on "groupism?" Or should it follow the United States and give up egalitarianism for fostering individuality and competition? In this thesis I explain some of the common ways that social mobility has been discussed and analyzed in Japan. Then I analyze arguably Japan's most prestigious university, Tokyo University, and see what it says about the Japanese education system and social mobility in Japan as a whole.

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Wang, Li. "Privatization of Higher Education in China: The case of Beijing." Thesis, University of Bristol, 2009. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.505794.

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Chan, Hoi-lei Holly. "The privatization of tertiary education in Hong Kong : issues, concerns and prospects /." Hong Kong : University of Hong Kong, 2001. http://sunzi.lib.hku.hk:8888/cgi-bin/hkuto%5Ftoc%5Fpdf?B23294759.

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Gebremeskal, Tilahun Gidey. "role of privatization in higher education diversity: the ethiopian experience, The." Master's thesis, Universidade de Aveiro, 2009. http://hdl.handle.net/10773/3426.

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Mestrado em Ensino Superior (Erasmus Mundus)
O sector privado, apesar de recente, está a tornar-se num sector com um papel cada vez mais relevante no sistema de ensino superior da Etiópia. Este estudo tem o objectivo de investigar o papel da privatização do ensino superior etíope, focando-se primordialmente na diversidade institucional e programática. Por isso, reunimos dados de vinte e quatro instituições de ensino superior públicas e de cinquenta e seis instituições de ensino superior privadas que conferem graus. De forma a conseguir-se uma melhor observação do papel do sector privado através das variáveis disponíveis, em cada ponto da análise foram feitas referências ao sector público. Os resultados indicaram que existiam diferentes padrões de distribuição regional entre os sectores público e privado, sendo o sector público motivado pela equidade regional e o sector privado pelo mercado disponível para os seus serviços. Também se chegou à conclusão de que existem diferenças entre os dois sectores em relação ao tipo de clientes que servem, tal como foi sugerido pelos padrões de inscrições nos diferentes tipos de ensino superior observados. Para além disso, foram observadas semelhanças entre os dois sectores em relação às inscrições dos estudantes em diferentes categorias disciplinares. Descobriu-se que as ferramentas de políticas examinadas neste estudo desencorajam a diversificação. De um modo geral o sector privado não está a contribuir de forma significativa para a diversidade do ensino superior, e mais concretamente para diversidade institucional. Por outro lado, o sector privado demonstrou uma predominância de comportamento de evitação de risco, que contribui negativamente para a diversidade de ensino superior. Deste modo, para que o sector privado contribua significantemente para a diversidade que a expansão do ensino superior exige, os responsáveis pelas definições de políticas necessitam de reconsiderar a sua abordagem em relação ao sector privado de ensino superior. ABSTRACT: The private sector, though young, is increasingly becoming an important sector in its role in the Ethiopian higher education system. This study has the purpose of investigating the role of privatization in the Ethiopian higher education focusing on program and institutional diversity. Thus, we have gathered data from twenty four public and fifty six degree offering private higher education institutions. In an attempt to see the role of the private sector in the variables at hand, at each point of analysis references were made to the public sector. Results indicated that different patterns of regional distribution existed between the public and the private sectors with the public sector driven by regional equity and the private counterpart by available market for its services. It was also found out that differences exist between the two sectors in relation to the clienteles they are serving as suggested by the enrolment patterns in the different modes of higher education deliveries observed. In addition, similarity was observed between the two sectors in relation to enrolments of students in different disciplinary categories. The policy tools examined in this study were found to discourage diversification. All in all the private sector is not significantly contributing to higher education diversity, particularly institutional diversity. On the other hand, the private sector has shown a prevalence of risk avoiding behaviour which negatively contributes to higher education diversity. This has been evident in the concentration of the private sector in certain types of disciplines. Thus, for the private sector to significantly contribute to diversity which higher education expansion demands, policy-makers need to reconsider their approach to the private higher education sector.

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Lindmark, Axel, and Marcus Karlsson. "Debating the Education Utopia : Ideational change in the Swedish debate about privatization of education between 2003 and 2011." Thesis, Högskolan Väst, Institutionen för ekonomi och it, 2012. http://urn.kb.se/resolve?urn=urn:nbn:se:hv:diva-4426.

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There is strong support among scholars that ideas are important in shaping public policy. The aim of this thesis is to investigate the ideas present in the Swedish debate about privatization of education between 2003 and 2011 during different governments, and if Sweden has undergone an ideational shift where ideas of privatization are becoming more accepted not just among politicians but also among a wider base of actors. Framing theory and the concept of counter framing are used to categorize these ideas. A mixed methods approach is used where frames are first defined based on previous research about privatization of education, then identified in newspaper articles from three major Swedish newspapers, then quantified according to whether they are used by proponents or opponents of privatization and finally analyzed to investigate their content. We found that there had indeed been a change in which frames were used as well as how they were used between the years analyzed. This indicates that there has been an ideational shift towards market oriented ideas in Sweden which could be attributed to the change in government as counter framing was more common for proponents of privatization during a social democratic government and more common for opponents during a center-right government, however further research is needed to determine the validity of this correlation.

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Li, Chi-yan. "Corporatisation of university as future strategy of reinventing higher education in Hong Kong /." View the Table of Contents & Abstract, 2005. http://sunzi.lib.hku.hk/hkuto/record/B31362370.

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Books on the topic "Privatization in education"

Rehfuss, John. Privatization in education. [Alexandria, VA]: National Association of Elementary School Principals, 1995.

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Zilkha, Gury. Privatization in higher education. Haifa: Samuel Neaman Institute for Advanced Studies in Science and Technology, 2007.

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Zilkha, Gury. Privatization in higher education. Haifa: Samuel Neaman Institute for Advanced Studies in Science and Technology, 2007.

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Scantland, Anna Cecile. Education privatization: Major restructuring of educational institutions. Vancouver: Parallel Publishers, 1992.

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Apak, Meral. Breastfeeding Privatization in Public Education. Singapore: Springer Singapore, 2022. http://dx.doi.org/10.1007/978-981-19-0260-4.

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Walford, Geoffrey. Privatization and privilege in education. London: Routledge, 1990.

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Mary, Kevin, Nora Nafaa, and David Giband, eds. Geographies of Globalized Education Privatization. Cham: Springer International Publishing, 2023. http://dx.doi.org/10.1007/978-3-031-37853-9.

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1949-, Murphy Joseph, ed. Pathways to privatization in education. Greenwich, Conn: Ablex Pub. Corp., 1998.

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Burch, Patricia. Hidden markets: The new education privatization. New York, NY: Routledge, 2009.

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Belfield, C. R. Education privatization: Causes, consequences and planning implications. Paris: International Institute for Educational Planning, 2002.

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Book chapters on the topic "Privatization in education"

Starr, Karen. "Privatization." In Education Policy, Neoliberalism, and Leadership Practice, 44–49. New York : Routledge, 2019. | Series: Educational leadership and policy decision-making in neoliberal times: Routledge, 2019. http://dx.doi.org/10.4324/9781315194745-5.

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Zancajo, Adrián, Antoni Verger, and Clara Fontdevila. "Educational Privatization." In Reimagining Globalization and Education, 105–19. New York: Routledge, 2022. http://dx.doi.org/10.4324/9781003207528-8.

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Morphew, Christopher, and Ryan L. Young. "Privatization, Higher Education." In The International Encyclopedia of Higher Education Systems and Institutions, 2333–38. Dordrecht: Springer Netherlands, 2020. http://dx.doi.org/10.1007/978-94-017-8905-9_91.

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Morphew, Christopher, and Ryan L. Young. "Privatization, Higher Education." In Encyclopedia of International Higher Education Systems and Institutions, 1–6. Dordrecht: Springer Netherlands, 2017. http://dx.doi.org/10.1007/978-94-017-9553-1_91-1.

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Chitty, Clyde. "The Privatization of Education." In Education Policy in Britain, 101–22. London: Macmillan Education UK, 2014. http://dx.doi.org/10.1007/978-1-137-32038-4_5.

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Chitty, Clyde. "The Privatization of Education." In New Labour and Secondary Education, 1994–2010, 107–28. New York: Palgrave Macmillan US, 2013. http://dx.doi.org/10.1057/9781137076328_6.

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Adamson, Frank, and Björn Åstrand. "Privatization or Public Investment?" In Global Education Reform, 1–15. New York : Routledge, [2016]: Routledge, 2016. http://dx.doi.org/10.4324/9781315680361-1.

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Darling-Hammond, Linda, and Frank Adamson. "Privatization and Public Investment." In Global Education Reform, 194–225. New York : Routledge, [2016]: Routledge, 2016. http://dx.doi.org/10.4324/9781315680361-8.

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Harel Ben Shahar, Tammy. "Privatization of Education in Israel." In The Privatization of Israel, 147–72. New York: Palgrave Macmillan US, 2018. http://dx.doi.org/10.1057/978-1-137-58261-4_7.

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Lewis, Robert. "Privatization of Education in Australia." In Global Encyclopedia of Public Administration, Public Policy, and Governance, 1–6. Cham: Springer International Publishing, 2017. http://dx.doi.org/10.1007/978-3-319-31816-5_3415-1.

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Conference papers on the topic "Privatization in education"

Braun Endo, Ana Claudia, and Luis Alberto De Farias. "Higher Education in Brazil: Privatization and Transformation." In 2019 14th Iberian Conference on Information Systems and Technologies (CISTI). IEEE, 2019. http://dx.doi.org/10.23919/cisti.2019.8760661.

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Davies, Emmerich. "From Universalization to Privatization: Drift in Indian Education Policy." In 2020 AERA Annual Meeting. Washington DC: AERA, 2020. http://dx.doi.org/10.3102/1587165.

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Gacoin, Andree. "Beyond Resistance to Privatization: Rebuilding and Reclaiming Public Education." In 2022 AERA Annual Meeting. Washington DC: AERA, 2022. http://dx.doi.org/10.3102/1888724.

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Rogers, Pamela. "Influencers and Protectors: Education Privatization, Consultants, and the Public Good." In 2022 AERA Annual Meeting. Washington DC: AERA, 2022. http://dx.doi.org/10.3102/1888725.

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Norova, Nargiza. "DEVELOPMENT TENDENCIES AND PROSPECTS OF PRIVATE SCHOOLS IN MODERN EDUCATION." In Proceedings of MMIT’23 International Conference 25 May 2023y. Tashkent International University of Education, 2023. http://dx.doi.org/10.61587/mmit.uz.vi.26.

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This article covers the privatization of knowledge institutions, their development trends and prospects as a result of the current development of Education. In addition, comparative considerations were made with private schools of foreign countries

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Lin, Huijuan. "The Growth of Privatization in Higher Education as a Global Trend in China." In 2017 2nd International Conference on Education, Management Science and Economics (ICEMSE 2017). Paris, France: Atlantis Press, 2017. http://dx.doi.org/10.2991/icemse-17.2017.24.

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Samuel, Chris. "Innovating Just to Keep Up: Education Unions, Repertoires of Contention, and Technology-Based Privatization." In 2022 AERA Annual Meeting. Washington DC: AERA, 2022. http://dx.doi.org/10.3102/1888726.

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Slepičková, Irena, and Pavel Slepička. "Boom of road races in the Czech Republic – sport for all or luxury amusement?" In 12th International Conference on Kinanthropology. Brno: Masaryk University Press, 2020. http://dx.doi.org/10.5817/cz.muni.p210-9631-2020-33.

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Nowadays, similar to worldwide trends, running has become very popular in the Czech Republic. Since the mid of 1990s, the business sector has become very active in this area. Private companies organise many road races for the public, including participation of top level runners (i.e. Prague International Marathon). In 2016, within the framework of the international project IRNIST, we realised an empirical descriptive study of the Mattoni ½ Marathon in Ústí nad Labem, a middle size town. The IRNIST questionnaire was used. Analysing data on 491 runners (of 2,238 runners finished the race) we found that concern-ing socio-economic status of respondents, 56.9% of runners have a university education, one third advanced secondary education; and 63% earn more than the average wage. Participant were able to spend quite a lot of money for participation costs. These results raise the issue if the privatization and commercialization of running for the masses does not cause limit for sport participation for all.

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Пожилов, Д. М. "The reflection of socio-economic reforms of the 90s in the Russian Federation in the educational literature on the discipline of "History" for pupils and students of non-historical areas of training." In Современное социально-гуманитарное образование: векторы развития в год науки и технологий: материалы VI международной конференции (г. Москва, МПГУ, 22–23 апреля 2021 г.). Crossref, 2021. http://dx.doi.org/10.37492/etno.2021.59.19.055.

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последствия реформ 1990-х гг. в России невозможно не затронуть при анализе темы «Приватизация» в контексте образовательного процесса. Эта информация поможет сформировать правильный социально-экономический взгляд на процессы в обществе того времени. С точки зрения политических и идеологических характеристик, приватизация стала официальной политикой, осуществляемой на основе утвержденной стратегии, разработанного законодательства, под воздействием определенных политических интересов и субъектов. Официально провозглашенные цели приватизации находились в рамках национальных интересов России, а механизмы ее проведения сохраняли видимость социальной справедливости при разделе государственной собственности. it is impossible not to touch upon the consequences of the reforms of the 1990s in Russia when analyzing the topic "Privatization" in the context of the educational process. This information will help to form a correct socio-economic view of the processes in society at that time. In terms of political and ideological characteristics, privatization became an official policy, carried out based on an approved strategy, developed legislation, under the influence of certain political interests and actors. Officially proclaimed goals of privatization were within the national interests of Russia, and the mechanisms of its implementation preserved the appearance of social justice in the division of state property.

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Reports on the topic "Privatization in education"

Chong, Alberto E., and Gianmarco León. Privatized Firms, Rule of Law and Labor Outcomes in Emerging Markets. Inter-American Development Bank, June 2007. http://dx.doi.org/10.18235/0010978.

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This paper takes advantage of a recent large firm-level dataset to compare labor indicators of privatized, private, and public firms around the world, particularly wages, benefits, labor composition, education and training, unionization, and quality of management. While labor productivity increases after privatization, the ratio of permanent workers to temporary workers also increases. Convergence depends to some degree on the quality of the institutions, namely, the rule of law. Not only is this true for the ratio of permanent workers to temporary workers, but also for education of the workforce, and for the managers years of experience. On the other hand, the rule of law appears to be less important in the case of labor productivity and training.

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Ter-Minassian, Teresa. Structural Reforms in Brazil: Progress and Unfinished Agenda. Inter-American Development Bank, May 2012. http://dx.doi.org/10.18235/0008417.

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This paper discusses Brazil's structural reforms since the 1990s and areas where work remains to be done. Reforms of the 1990s included the containment of inflation, the adoption of a comprehensive Fiscal Responsibility Law, a successful debt restructuring program for subnational governments, the reduction of trade barriers, a wave of privatizations, and the expansion of health and education programs. Reforms of the 2000s included strengthening welfare programs, rapidly increasing the minimum wage, and reforming the financial sector to increase access to credit among lower income groups. Political opposition and other factors, however, have prevented reforms in the tax and pension systems and in the labor market. Brazil's recent strong economic performance owes more to generally sound macroeconomic management, and to a favorable external environment, than to a comprehensive and sustained structural reform effort. Doubts remain about the country's ability to sustain high growth rates while keeping inflation low.

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Barradas, Ricardo. Why does the nexus between finance and inequality break in times of financialization? Empirical evidence for the European Union countries. DINÂMIA'CET-Iscte, 2023. http://dx.doi.org/10.15847/dinamiacet-iul.wp.2023.01.

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The majority of policy makers in developed countries have, since the 1970s and 1980s, put in place a strong process for the liberalization, deregulation and privatization of the financial system, particularly persuaded by the mainstream assumption that this represents the best strategy to sustain the growth of finance, enhance economic growth and lessen inequality. Nonetheless, economic growth has been quite anaemic in the majority of developed countries, and inequality has continued to widen in the last four decades, which feeds non-mainstream beliefs regarding the disruptive role played by the growth of finance in contemporary societies in times of financialization. This paper aims to contribute to the current debate between the mainstream and the non-mainstream literature on the effect of the growth of finance on the level of inequality by performing a panel data econometric analysis for all the European Union countries from 1980 to 2019. Our findings confirm that finance, economic growth, educational attainment and degree of trade openness have a positive long-term effect on the level of inequality in the European Union countries, whilst government spending has a negative impact in the short term. Our findings imply that policy makers should rethink the functioning of the financial system and adopt public policies that are more in favour of the poor in order to constrain the growth of inequality in the European Union countries.

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