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Inequality and growth : the role of human capital with heterogeneous skills

Borissov, Kirill; Bosi, Stefano; Ha-Huy, Thai; Modesto, … - 2016

We extend the Lucas' 1988 model introducing two classes of agents with heterogeneous skills, discount factors and initial human capital endowments. We consider two regimes according to the planner's political constraints. In the first regime, that we call meritocracy, the planner faces...

Persistent link: https://www.econbiz.de/10011517740

Inequality and Growth : The Role of Human Capital with Heterogeneous Skills

Borissov, Kirill - 2016

Persistent link: https://www.econbiz.de/10012985671

Inequality and human development : the role of different parts of the income distribution

Castells-Quintana, David; Gradín, Carlos; Royuela, Vicente - 2022

several country-specific characteristics, including the quality of institutions. …

Persistent link: https://www.econbiz.de/10013380766

Human capital quality and aggregate income differences : development accounting for US states

Hanushek, Eric Alan; Ruhose, Jens; Woessmann, Ludger - 2015

Although many U.S. state policies presume that human capital is important for state economic development, there is little research linking better education to state incomes. In a complement to international studies of income differences, we investigate the extent to which quality-adjusted...

Persistent link: https://www.econbiz.de/10011283829

Human capital quality and aggregate income differences : development accounting for US states

Hanushek, Eric Alan; Ruhose, Jens; Woessmann, Ludger - 2015

Persistent link: https://www.econbiz.de/10011288586

Human capital as engine of growth : the role of knowledge transfers in promoting balanced growth within and across countries

Ehrlich, Isaac; Pei, Yun - 2020

Unlike physical capital, human capital has both embodied and disembodied dimensions. It can be perceived of as skill and acquired knowledge, but also as knowledge spillover effects between overlapping generations and across different skill groups within and across countries. We illustrate the...

Persistent link: https://www.econbiz.de/10012201031

Unified growth theory : roots of growth and inequality in the wealth of nations

Galor, Oded - 2024

What sparked humanity’s leap from stagnation to prosperity? What lies at the core of inequality among nations? Unified Growth Theory explores the evolution of societies over the entire course of human history. It uncovers the universal wheels of change that have governed the journey of...

Persistent link: https://www.econbiz.de/10015164663

Inequality and growth : the dual role of human capital in development

Eicher, Theo S. - 2000

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. In...

Persistent link: https://www.econbiz.de/10009781636

Technological change and inequality in the very long run

Madsen, Jakob Brøchner; Strulik, Holger - 2020

In this paper we investigate the impact of technological change on inequalityin the presence of a landed elite using a standard unified growth model. We measure inequality by the ratio between land rent and wages and show that, before the onset of the fertility transition, technological progress...

Persistent link: https://www.econbiz.de/10012204880

Capital flows and endogenous growth

Komarov, Evgenij - 2021 - This version: November 18, 2021

phenomenon with yet unclear impact. We develop a unified framework incorporating economic institutions, human capital and … which a positive change of a country's economic institutions can attract inflows of physical capital from abroad, leading to … institutions can lead to substantial divergence in income over time. We derive conditions under which a country receives inflows of …

Persistent link: https://www.econbiz.de/10012696550