Channels Through Which Human Capital Inequality Influences Economic Growth

Amparo Castello-Climent

No 1101, Working Papers from International Economics Institute, University of Valencia

Abstract: This paper empirically investigates the theoretical predictions of some of the channels through which human capital inequality may discourage investment and growth. In a cross-section of countries over the period 1960-2000, findings reveal that, all other things being equal, a greater degree of human capital inequality increases fertility rates and reduces life expectancy, which in turn hampers the accumulation rates of human capital. This effect is reinforced in the countries where individuals find it difficult to access credit. Extensive sensitivity analyses show the results are robust across specifications and are not driven by atypical observations, endogenous regressors or unobservable heterogeneity.

Keywords: Human capital inequality; structural form; investment rates; economic growth (search for similar items in EconPapers)
JEL-codes: I0 O1 O4 (search for similar items in EconPapers)
Pages: 47 pages
Date: 2011-01
New Economics Papers: this item is included in nep-dev, nep-fdg and nep-hrm
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Persistent link: https://EconPapers.repec.org/RePEc:iei:wpaper:1101

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