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Persistent link: https://www.econbiz.de/10013401864
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
This paper examines the relationship between trade (exports), growth, and inequality, using a panel of 100 countries over 30 years (1980 to 2010). As there is no clear theoretical relationship between trade (exports) and inequality, and as inequality can be considered a proxy for 'governance...
Persistent link: https://www.econbiz.de/10010465444
This paper applies a robust empirical methodology, which considers issues relating to cross-country heterogeneity and cross-sectional dependence, to inspect the contributions of gender equality and factor income distribution to an economy's growth path. A dynamic model of aggregate demand is...
Persistent link: https://www.econbiz.de/10012239618
komparativen politischen Ökonomie zusammen, um die makroökonomischen Auswirkungen von Veränderungen in der Einkommensverteilung zu … die relative Bedeutung von Lohnkoordinierung und Einkommensverteilung für die Entstehung globaler Ungleichgewichte. Wir … beeinflusste Leistungsbilanzsalden sowohl direkt, aber vor allem indirekt über Effekte auf die Einkommensverteilung. Wir testen das …
Persistent link: https://www.econbiz.de/10011914115
Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the private return to schooling. We present a simple explanation combining two ideas: imperfect substitution and endogenous skill-biased technological progress and use cross-country...
Persistent link: https://www.econbiz.de/10011325967
We develop a classical macroeconomic model to examine the growth and distributional consequences of education. Contrary to the received wisdom, we show that human capital accumulation is not necessarily growth-inducing and inequality-reducing. Expansive education policies may foster growth and...
Persistent link: https://www.econbiz.de/10011596523
Persistent link: https://www.econbiz.de/10000680238
We estimate the relative roles of factor inputs and productivity in explaining the level of economic development, which is measured as output per worker. For a large sample of countries, we show that alternative identifying productivity assumptions and alternative measures of human capital have...
Persistent link: https://www.econbiz.de/10011472182
Persistent link: https://www.econbiz.de/10011280265