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Channels Through Which Human Capital Inequality Influences Economic Growth

  • Amparo Castelló-Climent

    ()

    (Institute of International Economics, University of Valencia)

This paper empirically investigates the theoretical predictions of some of the channels through which human capital inequality may discourage investment and growth. In a cross-section of countries over the period 1960-2000, findings reveal that, all other things being equal, a greater degree of human capital inequality increases fertility rates and reduces life expectancy, which in turn hampers the accumulation rates of human capital. This effect is reinforced in the countries where individuals find it difficult to access credit. Extensive sensitivity analyses show the results are robust across specifications and are not driven by atypical observations, endogenous regressors or unobservable heterogeneity.

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File URL: http://iei.uv.es/docs/wp_internos/RePEc/pdf/iei_1101.pdf
File Function: First version, 2011
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Paper provided by International Economics Institute, University of Valencia in its series Working Papers with number 1101.

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Length: 47 pages
Date of creation: Jan 2011
Date of revision:
Handle: RePEc:iei:wpaper:1101
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  14. Climent, Amparo Castello & Rafael Domenech, 2003. "Human Capital Inequality, Life Expectancy and Economic Growth," Royal Economic Society Annual Conference 2003 46, Royal Economic Society.
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  20. Amparo Castello & Rafael Domenech, 2002. "Human Capital Inequality and Economic Growth: Some New Evidence," Economic Journal, Royal Economic Society, vol. 112(478), pages C187-C200, March.
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