The Evolution of Income and Fertility Inequalities over the Course of Economic Development: A Human Capital Perspective
Isaac Ehrlich () and
Jinyoung Kim ()
Journal of Human Capital, 2007, vol. 1, issue 1, 137-174
Using an endogenousâ€ growth, overlappingâ€ generations framework in which human capital is the engine of growth, we trace the dynamic evolution of income and fertility distributions and their interdependencies over three endogenous phases of economic development. In our model, heterogeneous families determine fertility and childrenâ€™s human capital, and generations are linked via parental altruism and social interactions. We derive and test discriminating propositions concerning the dynamic behavior of inequalities in fertility, educational attainments, and three endogenous income inequality measuresâ€”familyâ€ income inequality, incomeâ€ group inequality, and the Gini coefficient. In this context, we also reexamine the â€œKuznets hypothesisâ€ concerning the relation between income growth and inequality.
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Working Paper: THE EVOLUTION OF INCOME AND FERTILITY INEQUALITIES OVER THE COURSE OF ECONOMIC DEVELOPMENT: A HUMAN CAPITAL PERSPECTIVE (2007)
Working Paper: The Evolution of Income and Fertility Inequalities over the Course of Economic Development: A Human Capital Perspective (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:ucp:jhucap:v:1:i:1:y:2007:p:137-174
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