Income inequality, TFP, and human capital
| Autor: | Alexandra Ferreira-Lopes, Tiago Neves Sequeira, Marcelo Volpon Santos |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2017 |
| Předmět: |
Macroeconomics
Economics and Econometrics Labour economics Technology Inequality media_common.quotation_subject Human capital jel:I24 Economic inequality Income distribution 0502 economics and business Openness to experience Economics Social inequality 050207 economics Income inequality Total factor productivity 050205 econometrics media_common 05 social sciences 1. No poverty income inequality human capital technology jel:I32 Ciências Sociais::Economia e Gestão [Domínio/Área Científica] jel:O50 Income inequality metrics jel:O33 8. Economic growth jel:O10 |
| Zdroj: | Repositório Científico de Acesso Aberto de Portugal Repositório Científico de Acesso Aberto de Portugal (RCAAP) instacron:RCAAP |
| Popis: | WOS:000399319600005 (Nº de Acesso Web of Science) A fruitful recent theoretical literature has related human capital and technological development to income (and wage) inequality. However, empirical assessments on the relationship are relatively scarce. We relate human capital, total factor productivity (TFP) and openness to inequality and discover that, when countries are assumed to be heterogeneous and dependent cross-sections, human capital is the most robust determinant of inequality, contributing to increasing inequality, as predicted by theory. TFP and openness turned out to be non-significantly related to inequality. These results are robust to a number of robustness tests on specifications and data and open up the prospect of theoretical research on the country-specific features conditioning the effect of human capital, technology and trade on inequality. info:eu-repo/semantics/acceptedVersion |
| Databáze: | OpenAIRE |
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