How important is human capital? A quantitative theory assessment of world income inequality

Review of Economic Studies

Volumn 77, Issue 4, 2010, Pages 1421-1449

  Erosa, Andrés ^a   Koreshkova, Tatyana ^b   Restuccia, Diego ^c  

^a Brown University   (Spain)

^b Gina Cody School of Engineering and Computer Science   (Canada)

^c UNIVERSITY OF TORONTO   (Canada)

Author keywords

[No Author keywords available]

Indexed keywords

COST-BENEFIT ANALYSIS; HETEROGENEITY; HUMAN CAPITAL; INCOME DISTRIBUTION; MICROECONOMICS; MODEL TEST; QUANTITATIVE ANALYSIS; THEORETICAL STUDY; TOTAL FACTOR PRODUCTIVITY; WAGE DETERMINATION; WAGE GAP;

UNITED STATES;

EID: 77955719585     PISSN: 00346527     EISSN: 1467937X     Source Type: Journal    
DOI: 10.1111/j.1467-937X.2010.00610.x     Document Type: Article

References (30)

1. Becker G, Tomes N. "Human Capital and the Rise and Fall of Families" Journal of Labor Economics 1986, 4(3):S1-S39.
2. Bils M, Klenow P. "Does Schooling Cause Growth?" American Economic Review 2000, 90(5):1160-1183.
3. Card D. "Estimating the Return to Schooling: Progress on Some Persistent Econometric Problems" Econometrica 2001, 69(5):1127-1160.
4. Cohen D, Soto M. "Growth and Human Capital: Good Data, Good Results" Journal of Economic Growth 2007, 12(1):51-76.
5. Cordoba J C, Ripoll M. "The Role of Education in Development" 2007, Working Paper No. 311, University of Pittsburg
6. Erosa A, Koreshkova T. "Progressive Taxation in a Dynastic Model of Human Capital" Journal of Monetary Economics 2007, 54:667-685.
7. Erosa A, Koreshkova T, Restuccia D. "How Important is Human Capital? A Quantitative Analysis of World Income Inequality" 2009, Working Paper No. 11, IMDEA
8. Haveman R, Wolfe B. "The Determinants of Children's Attainments: A Review of Methods and Findings" Journal of Economic Literature 1995, 33:1829-1878.
9. Hendricks L. "How Important is Human Capital for Development? Evidence from Immigrants' Earnings" American Economic Review 2002, 92(1):198-219.
10. Herrendorf B, Valentinyi A. "Which Sectors Make the Poor Countries So Unproductive" 2009, Mimeo, Arizona State University
11. Hertz T, Jayasundera T, Piraino P, Selcuk S, Smith N, Vereshchagina A. "The Inheritance of Education Inequality: International Comparisons and Fifty-Year Trends" The B.E. Journal of Economic Analysis and Policy 2007, 7(2). Article 10
12. Heston A, Summers R, Aten B. "Penn World Table Version 6.1" 2002, Center for International Comparisons at the University of Pennsylvania (CICUP)
13. Hsieh C-T, Klenow P. "Relative Prices and Relative Prosperity" American Economic Review 2007, 97(3):562-585.
14. Kane T J. "College Entry by Blacks Since 1970: The Role of College Costs, Family Background, and the Returns to Education" Journal of Political Economy 1994, 102(5):878-911.
15. Keane M P, Wolpin K I. "The Career Decisions of Young Men" Journal of Political Economy 1997, 105(3):473-522.
16. Keane M P, Wolpin K I. "The Effects of Parental Transfers and Borrowing Constraints on Educational Attainment" International Economic Review 2001, 42(4):1051-1103.
17. Klenow P, Rodriguez-Clare A. "The Neoclassical Revival in Growth Economics: Has It Gone Too Far?" NBER Macroeconomics Annual 1997, Bernanke B S, Rotemberg J J. eds, Cambridge, MA, MIT Press
18. Leslie L L, Brinkman P T. "Student Price Response in Higher Education: The Student Demand Studies" The Journal of Higher Education 1987, 58(2):181-204.
19. Mankiw N G, Romer D, Weil D N. "A Contribution to the Empirics of Economic Growth" Quarterly Journal of Economics 1992, 107(2):402-437.
20. Manuelli R, Seshadri A. "Human Capital and the Wealth of Nations" 2005, 2005 Meeting Papers 56, Society of Economic Dynamics
21. Mulligan C B. Parental Priorities and Economic Inequality 1997, Chicago, University of Chicago Press
22. Neal D A, Johnson W R. "The Role of Premarket Factors in Black-White Wage Differences" Journal of Political Economy 1996, 104(5):869-895.
23. Education at a Glance 2007, OECD, France, OECD Publishing
24. Poterba J. "The Estate Tax and After-Tax Investment Returns" 1997, Working Paper No. 6337, National Bureau of Economic Research
25. Schoellman T. "Matching and Accounting for Cross-Country Differences in Education Quality" 2009, Mimeo, Clemson University
26. Tauchen G. "Finite State Markov Chain Approximations to Univariate and Vector Autoregressions" Economics Letters 1986, 20(2):177-181.
27. Statistical Abstract of the United States 1999, US CENSUS BUREAU, Washington, DC, US GPO
28. Economic Report of the President 2004, US CONGRESS, JOINT ECONOMICS COMMITTEE, Washinghton, DC, US GPO
29. Digest of Education Statistics 2007, US DEPARTMENT OF EDUCATION, Washington, DC, US GPO
30. Zimmerman D J. "Regression Toward Mediocrity in Economic Stature" American Economic Review 1992, 82(3):409-429.