Irina Verkhovod

PhD, Assoc. Prof. (docent)

Department of Economy

Bohdan Khmelnitsky State

Pedagogical University of Melitopol, Ukraine

Socialization of income distribution:

the contradictions

of the present stage

E-mail: ekonom@mdpu.org.ua

Olena Danilowa

PhD

Department of Economy

Bohdan Khmelnitsky State Pedagogical University of Melitopol, Ukraine

E-mail: ekonom@mdpu.org.ua

Vladimir Petrenko

PhD, Assoc. Prof. (docent)

Department of Economy

Bohdan Khmelnitsky State Pedagogical University of Melitopol, Ukraine

E-mail: petrenko_vl@ukr.net

ABSTRACT. The article describes the relationship between the additional costs allocated by society to the educational sphere and the dynamics of labor productivity and the distribution of the factor incomes. The article identifies institutional constraints to economic growth and social return on investment in education, and the social conditions that enhance the contribution of education to the welfare of society.

Received: January, 2014

1st Revision: March, 2014

Accepted: April, 2014

DOI:10.14254/2071-789X.2014/7-1/9

JEL Classification:  H52, I24, I25

Keywords: investment in education sphere, labor productivity, distribution of factor incomes, institutions that govern the interaction of business and education.