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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
Download Restriction: no

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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  8. Oded Galor, 2004. "The Demographic Transition and the Emergence of Sustained Economic Growth," GE, Growth, Math methods 0409005, EconWPA.
  9. Sascha O. Becker & Francesco Cinnirella & Ludger Woessmann, 2009. "The Trade-off between Fertility and Education: Evidence from before the Demographic Transition," CESifo Working Paper Series 2775, CESifo Group Munich.
  10. Becker, Sascha O. & Cinnirella, Francesco & Wößmann, Ludger, 2010. "The trade-off between fertility and education: Evidence from before the demographic transition," Munich Reprints in Economics 20196, University of Munich, Department of Economics.
  11. Kremer, Michael & Chen, Daniel L, 2002. " Income Distribution Dynamics with Endogenous Fertility," Journal of Economic Growth, Springer, vol. 7(3), pages 227-58, September.
  12. Oded Galor & Joseph Zeira, 2013. "Income Distribution and Macroeconomics," Working Papers 2013-12, Brown University, Department of Economics.
  13. David de la Croix & Matthias Doepke, 2001. "Inequality and Growth: Why Differential Fertility Matters," UCLA Economics Working Papers 803, UCLA Department of Economics.
  14. Ran Abramitzky & Adeline Delavande & Luis Vasconcelos, 2008. "Marrying Up: The Role of Sex Ratio in Assortative Matching," Discussion Papers 07-050, Stanford Institute for Economic Policy Research.
  15. 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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  18. Daron Acemoglu, 1998. "Changes in Unemployment and Wage Inequality: An Alternative Theory and Some Evidence," NBER Working Papers 6658, National Bureau of Economic Research, Inc.
  19. Matthias Doepke, 2005. "Child mortality and fertility decline: Does the Barro-Becker model fit the facts?," Journal of Population Economics, Springer, vol. 18(2), pages 337-366, 06.
  20. Aghion, Philippe & Caroli, Eve & García-Peñalosa, Cecilia, 1999. "Inequality and Economic Growth: The Perspective of the New Growth Theories," Scholarly Articles 12502063, Harvard University Department of Economics.
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  22. Alberto Alesina & Roberto Perotti, 1993. "Income Distribution, Political Instability, and Investment," NBER Working Papers 4486, National Bureau of Economic Research, Inc.
  23. Sebnem Kalemli-Ozcan, 2002. "A Stochastic Model of Mortality, Fertility, and Human Capital Investment," Macroeconomics 0212009, EconWPA.
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  25. Perotti, Roberto, 1996. " Growth, Income Distribution, and Democracy: What the Data Say," Journal of Economic Growth, Springer, vol. 1(2), pages 149-87, June.
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  27. Andrea Brandolini & Anthony B. Atkinson, 2001. "Promise and Pitfalls in the Use of "Secondary" Data-Sets: Income Inequality in OECD Countries As a Case Study," Journal of Economic Literature, American Economic Association, vol. 39(3), pages 771-799, September.
  28. Murat F. Iyigun & Ann L. Owen, 2004. "Income inequality, financial development, and macroeconomic fluctuations," Economic Journal, Royal Economic Society, vol. 114(495), pages 352-376, 04.
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