The Policy Impact and Evaluation of Education on Poverty Reduction in Pakistan: An analysis of economy of Pakistan

Abstract

Determining the variables linked to poverty like education is a critical first step in developing policies intended to end it. Designing policies for the eradication of poverty is made possible by a comprehensive understanding of the factors that generate poverty. The findings demonstrated that poverty is caused by illiteracy and dependency ratio. Poverty is found to be inversely correlated with education, the accessibility of healthcare and educational resources, and consumer inequality on CPI. The comparison of rural and urban areas showed that while the dependency ratio is more damaging in rural areas, education is comparatively more effective in urban areas for eradicating poverty. In terms of consumption disparity, the marginal effect is more pronounced in metropolitan regions, most likely as a result of the diversity of employment and educational options available there, which raises consumption inequality and education access there.