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Human Capital Inequality, Life Expectancy and Economic Growth

Bibliographic Data

ID9719372
AuthorsAmparo Castelló‐Climent (Universitat de València), Rafael Doménech (0000-0002-4174-8942, Universitat de València)
Year2008
Volume118
Issue528
Pages653-677
Publication date2008-04-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Economic Journal (JOURNAL)
Journal identifiersISSN: 0013-0133 • E-ISSN: 1468-0297
PublisherOxford University Press (OUP) (PUBLISHER)
DOI10.1111/j.1468-0297.2008.02136.x
OpenAlexW1511699701
LanguageEN
Citations received17
References cited52

This paper presents a model in which inequality affects per capita income when individuals decide to invest in education taking into account their life expectancy, which depends to a large extent on the human capital of their parents. Our results show the existence of multiple steady states depending on the initial distribution of education. The low steady state is a poverty trap in which children raised in poor families have low life expectancy and work as non-educated workers. The empirical evidence suggests that the life expectancy mechanism explains a major part of the relationship between inequality and human capital accumulation

Demographic economics · Distribution (mathematics · Economic growth · Economic inequality · Economics · Empirical evidence · Human capital · Income distribution · Inequality · Labour economics · Life expectancy · Per capita · Population · Poverty · Poverty trap · Sociology · Demography · Economic Growth and Productivity · Fiscal Policy and Economic Growth · Income, Poverty, and Inequality · Mathematics

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Unique citing works17
Citations per year0,94
Citation span2008 - 2025 (18)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 17
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