Human inequality, human capital inequality and the Kuznets curve
This paper develops an improved measure of human capital. Using a Mincer specification of human capital, the improved measure takes into consideration rates of returns to schooling, education quality, and school dropouts. The paper applies the improved measure to evaluate national and global human capital inequality and compares them with education inequality. Human capital Kuznets curves are evident when relative inequality measures are used while education Kuznets curves are found when absolute inequality measures are used. It is also found that while global education inequality has been declining over the past four decades, global human capital inequality remains largely steady.
|Date of creation:||Feb 2006|
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- George Psacharopoulos & Harry Anthony Patrinos, 2004.
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3541, National Bureau of Economic Research, Inc.
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"Schooling, Labor-Force Quality, and the Growth of Nations,"
American Economic Review,
American Economic Association, vol. 90(5), pages 1184-1208, December.
- Jerik Hanushek & Dennis Kimko, 2006. "Schooling, Labor-force Quality, and the Growth of Nations," Educational Studies, Higher School of Economics, issue 1, pages 154-193.
- Ram, Rati, 1990. "Educational Expansion and Schooling Inequality: International Evidence and Some Implications," The Review of Economics and Statistics, MIT Press, vol. 72(2), pages 266-274, May.
- Barro, Robert J. & Lee, Jong-Wha, 1993.
"International comparisons of educational attainment,"
Journal of Monetary Economics,
Elsevier, vol. 32(3), pages 363-394, December.
- Robert J. Barro & Jong-Wha Lee, 1993. "International Comparisons of Educational Attainment," NBER Working Papers 4349, National Bureau of Economic Research, Inc.
- Hannum, Emily & Buchmann, Claudia, 2005. "Global Educational Expansion and Socio-Economic Development: An Assessment of Findings from the Social Sciences," World Development, Elsevier, vol. 33(3), pages 333-354, March.
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