کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
966219 | 930939 | 2008 | 24 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Risky human capital investment, income distribution, and macroeconomic dynamics
دانلود مقاله + سفارش ترجمه
دانلود مقاله ISI انگلیسی
رایگان برای ایرانیان
کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
چکیده انگلیسی
This paper examines the implications of human capital risk for the relationship between inequality and economic development. It argues that due to missing insurance markets for human capital risk, the initial distribution of family wealth may play an important role for an economy's process of development fueled by human capital accumulation. The analysis suggests that, in the absence of credit constraints, higher inequality tends to increase the aggregate human capital stock and per capita income, under conditions which are supported empirically for advanced countries. Taking additionally into account that, due to borrowing constraints, higher inequality impedes human capital investment in poorer economies, this suggests a non-linear relationship between inequality and economic development.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Macroeconomics - Volume 30, Issue 1, March 2008, Pages 19-42
Journal: Journal of Macroeconomics - Volume 30, Issue 1, March 2008, Pages 19-42
نویسندگان
Volker Grossmann,