This paper offers a supply-side explanationof the cross-country variation in long-run growth and inequality. In the model human capital is "lumpy" and public education directly affects growth, the number of high-skilled people and wages.
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Paper provided by European University Institute in its series Economics Working Papers with number
eco99/42.
Length: 35 pages Date of creation: 1999 Date of revision: Handle: RePEc:eui:euiwps:eco99/42
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Find related papers by JEL classification: O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity I2 - Health, Education, and Welfare - - Education D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution H2 - Public Economics - - Taxation, Subsidies, and Revenue