The results show a negative relation between the changes in income
inequality and education expenditure. The table also separates the effect of education
expenditure in OECD and Non-OECD countries; for OECD countries, the coefficient
of public education expenditures is -149, and significant at ten per cent confidence
intervals. Conversely, in less developed countries, the coefficient shows -105, with
less magnitude compared to developed countries; there is no significance at the ten
per cent interval.