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.1 In...

We study a model of human capital driven growth, where the parent's human capital serves as a productive input in the child's human capital production only when that of the former exceeds a minimum level required to intellectually contribute to the child's learning. Private and public...

In this paper we reassess the relationship between inequality and human development, focusing on the differential effect associated with the concentration of national income at different parts of the income distribution. To do so, we rely on a large global panel of countries over the last...