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Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the private return to schooling. We present a simple explanation combining two ideas: imperfect substitution and endogenous skill-biased technological progress and use cross-country...
Persistent link: https://www.econbiz.de/10010324788
We examine the relationship between income and health with the purpose of establishing the extent to which the … distribution of health in a population contributes to income inequality and is itself a product of that inequality. The evidence … supports a significant and substantial impact of ill-health on income mainly operating through employment, although it is …
Persistent link: https://www.econbiz.de/10010326364
We develop a polygenic index for individual income and examine random differences in this index with lifetime outcomes … in a sample of ~35,000 biological siblings. We find that genetic fortune for higher income causes greater socio … education, income, and health are partly due the outcomes of a genetic lottery. However, the consequences of different genetic …
Persistent link: https://www.econbiz.de/10012427153
Two family-specific lotteries take place during conception— a social lottery that determines who our parents are and … which environment we grow up in, and a genetic lottery that determines which part of their genomes our parents pass on to us … socioeconomic status. Here, we estimate a lower bound for the relevance of these two lotteries for differences in education, income …
Persistent link: https://www.econbiz.de/10012606001
contrast with similar research on income inequality, within-country variation is thesource of most inequality, rather than the …
Persistent link: https://www.econbiz.de/10010324950