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Inequality and growth : the dual role of human capital in development

Eicher, Theo S. - 2000

To examine how human capital accumulation influences both economic growth and income inequality, we carefully endogenize the demand and supply of skills. We explicitly introduce the costs and externalities in education, and examine how both relate to learning-by-doing and R&D intensity. In...

Persistent link: https://www.econbiz.de/10009781636

Opportunity and inequality across generations

Koeniger, Winfried; Zanella, Carlo - 2020

We analyze inequality and mobility across generations in a dynastic economy. Nurture, in terms of bequests and the schooling investment into the next generation, is observable but the draw of nature in terms of ability is hidden, stochastic and persistent across generations. We calibrate the...

Persistent link: https://www.econbiz.de/10012166025

Note on income taxation and occupational choice

Sheshinski, Eytan - 2003

With varying aptitudes in different occupations, individuals typically maximize income by specializing in one occupation which promises the highest income. Due to numerous labor market imperfections and uncertainties, the choice of best occupation is accomplished with only partial success. We...

Persistent link: https://www.econbiz.de/10011506232

Rolling back the public sector : differential effects on employment, investment and growth

Ploeg, Frederick van der - 2003

The macroeconomic effects on growth, investment and private sector employment of different ways of rolling back the welfare state are analysed. Cutting public spending on private goods induces a lower interest rate, a higher wage, a lower capital stock and a fall in employment. Cutting public...

Persistent link: https://www.econbiz.de/10011506465

Optimal taxation of risky human capital

Jacobs, Bas; Schindler, Dirk; Yang, Hongyan - 2009

In a model with ex-ante homogenous households, earnings risk and a general earnings function, we derive the optimal linear labor tax rate and optimal linear education subsidies. The optimal income tax trades off social insurance against incentives to work and to invest in human capital....

Persistent link: https://www.econbiz.de/10003806742

Human capital mobility : implications for efficiency, income distribution, and policy

Wildasin, David E. - 2014

Mobility of highly-skilled workers affects and is affected by labor market conditions, taxes, and other policies. This paper documents the demographic and fiscal importance of international migration, especially in aging societies, reviews the efficiency and distributional effects of mobility,...

Persistent link: https://www.econbiz.de/10010354844

A Lipsetian theory of democratization : development, education, inequality, and resources

Boucekkine, Raouf; Piacquadio, Paolo G.; Prieur, Fabien - 2016

The paper reexamines Lipset's theory of democratization, by distinguishing the role of (economic) development from that …-market aspirations - and forces the elite to expand redistribution. Along the lines of this trade-off, our theory provides a Lipsetian …

Persistent link: https://www.econbiz.de/10011587539

Pareto-improving intergenerational transfers

Wigger, Berthold U. - 2000

In the presence of endogenous growth intergenerational transfer from the young to the old reduce per capita income growth and harm future generations. On the other hand, competitive equilibria are inefficient if externalities sustain long-run growth. This paper shows that if individuals retire...

Persistent link: https://www.econbiz.de/10009781561

Unified growth theory : roots of growth and inequality in the wealth of nations

Galor, Oded - 2024

Growth Theory explores the evolution of societies over the entire course of human history. It uncovers the universal wheels …. The theory sheds light on two of the most fundamental mysteries surrounding this journey: (i) The Mystery of Growth … stagnation; and (ii) The Mystery of Inequality—the roots of the vast inequality in the wealth of nations. The theory suggests …

Persistent link: https://www.econbiz.de/10015164663

Dynastic human capital, inequality and intergenerational mobility

Adermon, Adrian; Lindahl, Mikael; Palme, Mårten - 2019

We study the importance of the extended family - the dynasty - for the persistence in inequality across generations. We use data including the entire Swedish population, linking four generations. This data structure enables us to identify parents' siblings and cousins, their spouses, and the...

Persistent link: https://www.econbiz.de/10012001644