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Human Capital Inequality, Life Expectancy and Economic Growth

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Author Info
Amparo Castello-Climent () (International Economics Institute, University of Valencia)
Rafael Domenech () (International Economics Institute, University of Valencia)

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Abstract

This paper presents a model in which inequality affects per capita income when individuals decide to invest in education taking into account their life expectancy, which depends to a large extent on the human capital of their parents. Our results show the existence of multiple steady states depending on the initial distribution of education. The low steady state is a poverty trap in which children raised in poor families have low life expectancy and work as non-educated workers. The empirical evidence suggests that the life expectancy mechanism explains a major part of the relationship between inequality and human capital accumulation.

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File URL: http://iei.uv.es/docs/wp_internos/RePEc/pdf/iei_0604.pdf
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File Function: First version, 2006
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Publisher Info
Paper provided by International Economics Institute, University of Valencia in its series Working Papers with number 0604.

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Length: 31 pages
Date of creation: Sep 2006
Date of revision:
Handle: RePEc:iei:wpaper:0604

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Related research
Keywords: Life expectancy human capital inequality.

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Find related papers by JEL classification:
J10 - Labor and Demographic Economics - - Demographic Economics - - - General
O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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References listed on IDEAS
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. David, DE LA CROIX & Alessandro, SOMMACAL, 2006. "A Theory of Medecine Effectiveness, Differential Mortality, Income Inequality and Growth for Pre-Industrial England," Université catholique de Louvain, Département des Sciences Economiques Working Paper 2006025, Université catholique de Louvain, Département des Sciences Economiques. [Downloadable!]
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