Occupational Choice and the Growth-Inequality Relationship
This paper examines the impact of education and occupational choice on the growth-inequality relationship. Occupations that play asymmetric roles in the production process are distinguished. The dynamic evolution of the detrended distribution of income is characterized and shown to converge to an endogenous, non-degenerate, stationary distribution. The long-run growth rate converges to a simple function of stuctural and fiscal parameters and the Lorenz curve describing long-run inequality. The impact of government policy on the growth-inequality relationship and welfare is assessed. The analysis is sensitive to whether we consider the short- or long- run effects and to whether redistribution takes place via taxation, expenditure or fiscal incentive schemes.
|Date of creation:||10 Jul 1995|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: (416) 978-5283
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.:
- Besley, Timothy & McLaren, John, 1993. "Taxes and Bribery: The Role of Wage Incentives," Economic Journal, Royal Economic Society, vol. 103(416), pages 119-41, January.
- Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
- Abhijit V. Banerjee & Andrew F. Newman, 1990.
"Occupational Choice and the Process of Development,"
911, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Banerjee, Abhijit V & Newman, Andrew F, 1993. "Occupational Choice and the Process of Development," Journal of Political Economy, University of Chicago Press, vol. 101(2), pages 274-98, April.
- Barro, Robert J., 1990.
"Government Spending in a Simple Model of Endogeneous Growth,"
3451296, Harvard University Department of Economics.
- Barro, Robert J, 1990. "Government Spending in a Simple Model of Endogenous Growth," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages S103-26, October.
- Barro, R.J., 1988. "Government Spending In A Simple Model Of Endogenous Growth," RCER Working Papers 130, University of Rochester - Center for Economic Research (RCER).
- Robert J. Barro, 1988. "Government Spending in a Simple Model of Endogenous Growth," NBER Working Papers 2588, National Bureau of Economic Research, Inc.
- Bates, Timothy, 1990. "Entrepreneur Human Capital Inputs and Small Business Longevity," The Review of Economics and Statistics, MIT Press, vol. 72(4), pages 551-59, November.
- Bénabou, Roland, 1993.
"Heterogeneity, Stratification and Growth,"
CEPR Discussion Papers
815, C.E.P.R. Discussion Papers.
- James Davies & John Whalley, 1989.
"Taxes and Capital Formation: How Important is Human Capital?,"
NBER Working Papers
2899, National Bureau of Economic Research, Inc.
- James Davies & John Whalley, 1991. "Taxes and Capital Formation: How Important is Human Capital?," NBER Chapters, in: National Saving and Economic Performance, pages 163-200 National Bureau of Economic Research, Inc.
- Galor, Oded & Zeira, Joseph, 1988.
"Income Distribution and Macroeconomics,"
51644, University Library of Munich, Germany, revised 01 Sep 1989.
- Lloyd-Ellis, Huw & Bernhardt, Dan, 2000.
"Enterprise, Inequality and Economic Development,"
Review of Economic Studies,
Wiley Blackwell, vol. 67(1), pages 147-68, January.
- Tamura, Robert, 1991. "Income Convergence in an Endogenous Growth Model," Journal of Political Economy, University of Chicago Press, vol. 99(3), pages 522-40, June.
- Bhagwati, Jagdish, 1973. "Education, class structure and income equality," World Development, Elsevier, vol. 1(5), pages 21-36, May.
- Jallade, Jean-Pierre, 1976. "Education finance and income distribution," World Development, Elsevier, vol. 4(5), pages 435-443, May.
- Glomm, Gerhard & Ravikumar, B, 1992. "Public versus Private Investment in Human Capital Endogenous Growth and Income Inequality," Journal of Political Economy, University of Chicago Press, vol. 100(4), pages 818-34, August.
When requesting a correction, please mention this item's handle: RePEc:tor:tecipa:lloydell-95-02. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (RePEc Maintainer)
If references are entirely missing, you can add them using this form.