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    Education and Income Growth: Implications for Cross-Country Inequality


    O'Neill, Donal (1995) Education and Income Growth: Implications for Cross-Country Inequality. Journal of Political Economy, 103 (6). pp. 1289-1301. ISSN 0022-3808

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    Abstract

    This paper examines the extent to which patterns of human capital convergence can account for observed patterns of income inequality between countries. To do this I decompose national income into three components: one due to education levels, one reflecting the return to education, and a residual component. I then examine in turn the contribution of each of them to changes in income dispersion. Among the developed countries, convergence in education levels has resulted in a reduction in income dispersion. However, for the world as a whole, incomes have diverged despite substantial convergence in education levels. This is a result of increases in the return to education that favor the developed countries at the expense of the less developed countries.

    Item Type: Article
    Keywords: Education; Income Growth; Implications; Cross-Country Inequality;
    Academic Unit: Faculty of Social Sciences > Economics, Finance and Accounting
    Item ID: 8493
    Depositing User: Donal O'Neill
    Date Deposited: 19 Jul 2017 16:28
    Journal or Publication Title: Journal of Political Economy
    Publisher: University of Chicago Press
    Refereed: Yes
    URI:

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