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Inequality and Growth: The Dual Role of Human Capital in Development

  • Theo Eicher

    (University of Washington)

  • Cecilia Garcia-Penalosa

    (GREQAM)

This paper examines how the accumulation of human capital determines both a country's growth rate and income inequality . In contrast to previous work, we do not rely on credit market imperfectionf or political economy arguments. The insight of this model is that inequality is determined by the relative strength of the forces increasing the supply of skills -education- and those increasing the demand for skills -technical change-.

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Paper provided by Econometric Society in its series Econometric Society World Congress 2000 Contributed Papers with number 1920.

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Date of creation: 01 Aug 2000
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Handle: RePEc:ecm:wc2000:1920
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  1. Paul Romer, 1989. "Endogenous Technological Change," NBER Working Papers 3210, National Bureau of Economic Research, Inc.
  2. Eicher, T. S., 1999. "Training, adverse selection and appropriate technology: Development and growth in a small open economy," Journal of Economic Dynamics and Control, Elsevier, vol. 23(5-6), pages 727-746, April.
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  6. Aghion, Philippe & Caroli, Eve & Garcia-Penalosa, Cecilia, 1999. "Inequality and economic growth: the perspective of the new growth theories," CEPREMAP Working Papers (Couverture Orange) 9908, CEPREMAP.
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  22. repec:dau:papers:123456789/10091 is not listed on IDEAS
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  45. Redding, Stephen, 1996. "The Low-Skill, Low-Quality Trap: Strategic Complementarities between Human Capital and R&D," Economic Journal, Royal Economic Society, vol. 106(435), pages 458-70, March.
  46. Bourguignon, F. & Morrisson, C., 1995. "Inequality and Development: The Role of Dualism," DELTA Working Papers 95-32, DELTA (Ecole normale supérieure).
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