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Education, growth and income inequality
Teulings, Coen N.; Rens, Thijs van - 2002
When types of workers are imperfect substitutes, the Mincerian rate to return to human capital is negatively related to the supply of human capital. We work out a simple model for the joint evolution of output and wage dispersion. We estimate this model using cross-country panel data on GDP and...
Persistent link: https://www.econbiz.de/10001652930
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Education and efficient redistribution
Dur, Robert A. J.; Teulings, Coen N. - 2001
above the primary level is that the rich take up most education, so a subsidy would increase inequality. We show that there …, pre-tax income inequality decreases. We consider a Walrasian world with perfect capital and insurance markets. Hence, in …
Persistent link: https://www.econbiz.de/10001626083