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:	Publisher
Use Licence:	This item is available under a Creative Commons Attribution Non Commercial Share Alike Licence (CC BY-NC-SA). Details of this licence are available here

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