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| Author: | O'Neill, D. |
| Title: | Education and income growth: implications for cross-country inequality |
| Journal: | Journal of Political Economy
1995 : DEC, VOL. 103:6, p. 1289-1301 |
| Index terms: | POLITICAL ECONOMY EDUCATION INCOMES |
| Language: | eng |
| Abstract: | This paper examines the extent to which patterns of human capital convergence can account for observed patterns of income inequality between countries. To do this the author decomposes national income into three components: one due to education levels, one reflrcting the return to education, and a residual component. He then examines in turn the contribution of each of them to changes in income dispersion. Among the developed countries, convergence in education levels has resulted in a reduction of income dispersion. However, for the world as a whole, incomes have diverged despite substantial convergence in education levels. |
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