Human Capital Inequality, Life Expectancy And Economic Growth

Amparo Castelló‐Climent and Rafael Domenech
Authors registered in the RePEc Author Service: Amparo Castello-Climent

Economic Journal, 2008, vol. 118, issue 528, 653-677

Abstract: This article presents a model in which inequality affects per capita income when individuals decide to invest in education taking into account their life expectancy, which depends to a large extent on the human capital of their parents. Our results show the existence of multiple steady states depending on the initial distribution of education. The low steady state is a poverty trap in which children raised in poor families have low life expectancy and work as non‐educated workers. The empirical evidence suggests that the life expectancy mechanism explains a major part of the relationship between inequality and human capital accumulation.

Date: 2008
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https://doi.org/10.1111/j.1468-0297.2008.02136.x

Related works:
Journal Article: Human Capital Inequality, Life Expectancy And Economic Growth (2008)
Working Paper: Human Capital Inequality, Life Expectancy and Economic Growth (2006)
Working Paper: Human Capital Inequality, Life Expectancy and Economic Growth (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:wly:econjl:v:118:y:2008:i:528:p:653-677

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