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-biased technological progress and use cross-country panel data on inequality and GDP to test these ideas. A one-year increase in the level …
Persistent link: https://www.econbiz.de/10011325967
To examine how human capital accumulation influences both economic growth and income inequality, we carefully … central to the evolution of inequality during the development process. We characterise development thresholds when countries … that are consistent with the cross-country data on inequality and skill-premia. …
Persistent link: https://www.econbiz.de/10009781636
whole and reduces inequality within workers. Finally, the model shows that education leads to multiple equilibria and it …
Persistent link: https://www.econbiz.de/10008758086
When types of workers are imperfect substitutes, the Mincerian rate of 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/10011408972
When types of workers are imperfect substitutes, the Mincerian rate of 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/10013320636
The stylized fact that the fraction of workers who are college graduates appears to increase more in US cities where the initial share is larger has attracted significant attention. Furthermore, more educated cities appear to grow faster. These two trends could portend the divergence of cities...
Persistent link: https://www.econbiz.de/10012900149
Persistent link: https://www.econbiz.de/10013051192
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on economic growth, inequality, and fiscal balance. Our empirical evidence suggests that human capital investments have a …
Persistent link: https://www.econbiz.de/10011756551
Persistent link: https://www.econbiz.de/10011452265