Global Inequality in a more educated world

Amer Ahmed (), Maurizio Bussolo, Marcio Cruz, Delfin Go and Israel Osorio-Rodarte ()
Additional contact information
Amer Ahmed: World Bank Group
Israel Osorio-Rodarte: World Bank Group
Authors registered in the RePEc Author Service: Israel Osorio Rodarte

The Journal of Economic Inequality, 2020, vol. 18, issue 4, No 7, 585-616

Abstract: Abstract Better-educated and younger cohorts from developing countries are entering the global labor market. This education wave is altering the skill and geographic composition of the global labor market, and impacting income distribution, at the national and global levels. This paper analyzes how this education wave reshapes global inequality over the long run using a general-equilibrium macro-micro simulation framework that covers harmonized household surveys for almost 90% of the world population. The findings suggest that global income inequality will likely decrease by 2030. The expanding supply of better educated workers from developing countries will be a key factor, especially in supporting the reduction of income disparities between countries. The education wave will also minimize, mainly for developing countries, increases of within-country inequality linked to technological progress and its widening of wage premia.

Keywords: Global inequality; Education; Demographic trends; Structural change (search for similar items in EconPapers)
JEL-codes: D31 E24 J11 J31 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://link.springer.com/10.1007/s10888-020-09440-z Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
Working Paper: Global inequality in a more educated world (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:joecin:v:18:y:2020:i:4:d:10.1007_s10888-020-09440-z

Ordering information: This journal article can be ordered from
http://www.springer.com/journal/10888

DOI: 10.1007/s10888-020-09440-z

Access Statistics for this article

The Journal of Economic Inequality is currently edited by Stephen Jenkins

More articles in The Journal of Economic Inequality from Springer, Society for the Study of Economic Inequality Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().