Arbeitspapier

Human Capital Accumulation, Education and Earnings Inequality

This paper attempts to add to the understanding of the causes for the differing recent developments in inequality in OECD countries. The similarity of shocks and technological changes affecting these countries suggests that interactions of these shocks and countryspecific institutions are responsible for the diverging inequality patterns. The paper suggests a channel complementary to those investigated in recent contributions, focusing on the impact of education. A microfoundation of human capital formation is proposed, emphasizing heterogeneity of individuals and multidimensionality of human capital. The reactions in individual behavior triggered by technological change are crucially affected by the education system and are shown to be responsible for the divergent developments in inequality.

Language
Englisch

Bibliographic citation
Series: IZA Discussion Papers ; No. 310

Classification
Wirtschaft
Wage Level and Structure; Wage Differentials
Innovation; Research and Development; Technological Change; Intellectual Property Rights: General
Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy: General (includes Measurement and Data)
Wages, Compensation, and Labor Costs: General
Subject
Inequality
ability biased technological change
education system
human capital formation
Bildungsinvestition
Technischer Fortschritt
Lohnstruktur
Einkommensverteilung
Bildungswesen
Schätzung
Vergleich
OECD-Staaten

Event
Geistige Schöpfung
(who)
Sunde, Uwe
Event
Veröffentlichung
(who)
Institute for the Study of Labor (IZA)
(where)
Bonn
(when)
2001

Handle
Last update
10.03.2025, 11:45 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Sunde, Uwe
  • Institute for the Study of Labor (IZA)

Time of origin

  • 2001

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