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endowments of the factors that complement the schooling process. The paper explores the relationship between inequality of … opportunities, inequality of outcomes, and efficiency in human capital formation. Using numerical solutions we study how the …-preserving spread and a change in the support. The results suggest that a higher degree of inequality of opportunities is associated …
Persistent link: https://www.econbiz.de/10010275770
workers enjoy a better distribution of wages, but the attribution of the gap to wage inequality and human capital …
Persistent link: https://www.econbiz.de/10011310193
the effects of two different constitutions (commitment or no commitment in tax policy), as well as income inequality …
Persistent link: https://www.econbiz.de/10011325033
serve as collateral. Under fixed land supply, house prices rise in real terms. The combination of growing wage inequality …
Persistent link: https://www.econbiz.de/10011403537
effects on growth and on the evolution of income inequality; (ii) raising the consumption tax generates about as much economic … reduces inequality by more than utilizing the consumption tax. Hence, there is growth-inequality trade-off. …
Persistent link: https://www.econbiz.de/10011418615
One of the most interesting facts about the growth of developed nations, especially of the US growth, in the last three decades is significant growth of the ratio of the wage of skilled labor to that of unskilled labor. At the same time, existing evidence seems to suggest that the ratio of the...
Persistent link: https://www.econbiz.de/10010321661
rising average attendance, while inequality in completion rates or schooling years increases with rising completion rates or … initial inequality in education. At the regional level, educational progress was generally more pro-poor in Asia and Latin … America, while in Africa the experience is very heterogeneous. While gender inequality has decreased slightly, large …
Persistent link: https://www.econbiz.de/10010329971
inequality are gradual and cumulative. In case of a complete liberalization, the world average level of GDP per worker increases … by 20 percent in the short-run, and by more than 55 percent after 50 years. The world average index of inequality … identifying assumptions. We also analyze partial liberalization shocks: efficiency and inequality effects are roughly proportional …
Persistent link: https://www.econbiz.de/10010333443
Recent advances have led to the discovery of specific genetic variants that predict educational attainment. We study how these variants, summarized as a genetic score variable, are associated with human capital accumulation and labor market outcomes in the Health and Retirement Study (HRS). We...
Persistent link: https://www.econbiz.de/10011559628
Mobile workers involve flows of labor and human capital and contribute to a more efficient allocation of resources. However, migration also changes relative wages, alters the distribution of skills and affects equality in the receiving society. The paper suggests that skilled immigration...
Persistent link: https://www.econbiz.de/10011586006