Does income inequality hamper human capital accumulation in OECD countries?
Does income inequality hamper human capital accumulation in OECD countries?
Author(s): Jakub BartakSubject(s): Economy, Business Economy / Management, Financial Markets
Published by: Exeley Inc.
Keywords: generalized method of moments; human capital; income inequality;
Summary/Abstract: The purpose of this article is to verify whether income nequality impedes the accumulation of human capital in OECD countries during the years of 1990–2010. The article reviews theoretical findings that suggest a negative impact of income dispersions on human capital, and subsequently, it presents estimations of a dynamic model of human capital accumulation. The results of the study reveal a negative and statistically significant relationship between income inequality and human capital inflow measured as student skills test scores.
Journal: Managerial Economics
- Issue Year: 18/2017
- Issue No: 2
- Page Range: 133-145
- Page Count: 13
- Language: English