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The Evolution Of Income And Fertility Inequalities Over The Course Of Economic Development: A Human Capital Perspective

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Author Info
Isaac Ehrlich (State University of New York at Buffalo and NBER)
Jinyoung Kim () (Department of Economics, Korea University)

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Abstract

Using an endogenous-growth, overlapping-generations framework where human capital is the engine of growth, we derive propositions concerning the evolution of income and fertility distributions and their interdependencies over three phases of economic development. In our model, heterogeneous families determine fertility and children’s human capital, and generations are linked through intra-family and inter-family interactions. Through simulations and regression analyses we test key implications concerning the dynamic behavior of inequalities in fertility, educational attainments, and three income inequality measures -- family-income inequality, income-group inequality, and the Gini coefficient. In this context, we also reexamine the “Kuznets hypothesis?concerning the relation between income growth and inequality.

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Publisher Info
Paper provided by Institute of Economic Research, Korea University in its series Discussion Paper Series with number 0704.

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Date of creation: 2007
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Handle: RePEc:iek:wpaper:0704

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Related research
Keywords: income inequality human capital fertility schooling family endogenous growth

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Find related papers by JEL classification:
D1 - Microeconomics - - Household Behavior
D3 - Microeconomics - - Distribution
J1 - Labor and Demographic Economics - - Demographic Economics
J2 - Labor and Demographic Economics - - Demand and Supply of Labor

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Full references

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. Isaac Ehrlich, 2007. "The Mystery of Human Capital as Engine of Growth, or Why the US Became the Economic Superpower in the 20th Century," NBER Working Papers 12868, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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