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
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: |
|
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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