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Does public education expansion lead to trickle-down growth?

Böhm, Sebastian; Grossmann, Volker; Steger, Thomas M. - 2014

The paper revisits the debate on trickle-down growth in view of the widely discussed evolution of the earnings and income distribution that followed a massive expansion of higher education. We propose a dynamic general equilibrium model to dynamically evaluate whether economic growth triggered...

Persistent link: https://www.econbiz.de/10010415518

Innovation, inequality and a golden rule for growth in an economy with Cobb-Douglas function and an R&D sector

Welfens, Paul J. J. - 2015

The innovative approach presented introduces a modified neoclassical growth model which includes a new bias of technological progress in a quasi-endogenous growth model in which part of labor is used in the research & development sector. The combination of a macroeconomic production function and...

Persistent link: https://www.econbiz.de/10010510592

Globalization and inequality in Latin America

Carneiro, Rafael Dix; Kovak, Brian K. - 2023

We survey the recent literature studying the effects of globalization on inequality in Latin America. Our focus is on … dimensions of inequality, and developing new methodologies to capture the many facets of globalization's relationship to … that focus on distinct aspects of globalization's relationship to inequality. …

Persistent link: https://www.econbiz.de/10014326202

Innovation, wages, and polarization in China

Fleisher, Belton M.; McGuire, William; Su, Yaqin; Zhao, … - 2018

Using data from CHIPS 1995-2013, we find polarization of employment from middle-income Skilled jobs to work in the Unskilled and Self-Employment job categories. This redistribution of employment is consistent with the automation of routine noncognitive tasks in the skilled sector as analyzed in...

Persistent link: https://www.econbiz.de/10011871361

Human capital accumulation, education and earnings inequality

Sunde, Uwe - 2001

This paper attempts to add to the understanding of the causes for the differing recent developments in inequality in OECD countries. The similarity of shocks and technological changes affecting these countries suggests that interactions of these shocks and countryspecific institutions are...

Persistent link: https://www.econbiz.de/10011402346

The effect of firm-level investment on inequality and poverty around the world

Tosun, Mehmet Serkan; Watson, Ethan D.; Yildiz, Serhat - 2022

This paper investigates the effect of firm-level investment on the levels of income inequality and poverty. Using a sample of firms from 87 countries for the period from 1979 to 2018, we document that firm-level investment is negatively associated with various measures of income inequality. This...

Persistent link: https://www.econbiz.de/10013433227

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

Public education for the children left behind

Camacho, Carmen; Shen, I-Ling - 2010

This paper examines the role of public education in the context of parental migration, and it studies the effects of an expansive income tax policy that is adopted to increase public education expenditure per pupil. It is shown that such a policy may exacerbate income inequality in the long run...

Persistent link: https://www.econbiz.de/10003944305

Inequality of opportunity and economic growth : a cross-country analysis

Ferreira, Francisco H. G.; Lakner, Christoph; Ana Lugo, … - 2014

Income differences arise from many sources. While some kinds of inequality, caused by effort differences, might be associated with faster economic growth, other kinds, arising from unequal opportunities for investment, might be detrimental to economic progress. We construct two new metadata...

Persistent link: https://www.econbiz.de/10010364975

Does wealth inequality matter for growth? : the effect of billionaire wealth, income distribution, and poverty

Bagchi, Sutirtha; Švejnar, Jan - 2013

A fundamental question in social sciences relates to the effect of wealth inequality on economic growth. Yet, in tackling the question, researchers have had to use income as a proxy for wealth. We derive a global measure of wealth inequality from Forbes magazine's listing of billionaires and...

Persistent link: https://www.econbiz.de/10010211159