THE EVOLUTION OF INCOME AND FERTILITY INEQUALITIES OVER THE COURSE OF ECONOMIC DEVELOPMENT: A HUMAN CAPITAL PERSPECTIVE
Isaac Ehrlich () and
Jinyoung Kim ()
No 704, Discussion Paper Series from Institute of Economic Research, Korea University
Using an endogenous-growth, overlapping-generations framework where human capital is the engine of growth, we derive propositions concerning the evolution of income and fertility distributions and their interdependencies over three phases of economic development. In our model, heterogeneous families determine fertility and children’s human capital, and generations are linked through intra-family and inter-family interactions. Through simulations and regression analyses we test key implications concerning the dynamic behavior of inequalities in fertility, educational attainments, and three income inequality measures -- family-income inequality, income-group inequality, and the Gini coefficient. In this context, we also reexamine the “Kuznets hypothesis?concerning the relation between income growth and inequality.
Keywords: income inequality; human capital; fertility; schooling; family; endogenous growth (search for similar items in EconPapers)
JEL-codes: D1 D3 J1 J2 (search for similar items in EconPapers)
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Journal Article: 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:iek:wpaper:0704
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