Income Inequality and Human Capital Acquisition. What Is the Role of Educational Institutions?

Jakub Bartak, Łukasz Jabłoński and Marius Dan Gavriletea ()
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Jakub Bartak: Cracow University of Economics
Łukasz Jabłoński: Cracow University of Economics
Marius Dan Gavriletea: Faculty of Business, Babeș-Bolyai University

Chapter Chapter 6 in Remodelling Businesses for Sustainable Development, 2023, pp 67-83 from Springer

Abstract: Abstract The aim of the study is to investigate the relationship between income inequalities and human capital accumulation in OECD countries. In regards to capture the endogeneity of the variables employed we use the system generalized method of moments supported by the Sargan-Hansen test for instruments validity. Furthermore, we attempted to assess if the impact of income inequalities on the development of human capital is conditioned by the inclusivity of educational institutions. The results indicate that income inequality negatively affects human capital accumulation in countries with exclusive educational institutions. In countries where institutions are conducive to the inclusion in the process of human capital accumulation of non-privileged social groups, the investigated relationship takes the form of inverted-U.

Keywords: Human capital; Educational achievements; Educational institutions; Income inequality; Generalized method of moments (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-031-19656-0_6

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DOI: 10.1007/978-3-031-19656-0_6

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