The Evolution of Income and Fertility Inequalities over the Course of Economic Development: A Human Capital Perspective

Journal of Human Capital, Vol. 1, Winter 2007

38 Pages Posted: 12 May 2008

See all articles by Isaac Ehrlich

Isaac Ehrlich

State University of New York at Buffalo - Department of Economics; National Bureau of Economic Research (NBER); University of Chicago - University of Chicago Press; Institute for the Study of Labor (IZA)

Jinyoung Kim

Korea University - Department of Economics

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Abstract

Using an endogenous-growth, overlapping-generations framework in which human capital is the engine of growth, we trace the dynamic evolution of income and fertility distributions and their interdependencies over three endogenous phases of economic development. In our model, heterogeneous families determine fertility and children's human capital, and generations are linked via parental altruism and social interactions. We derive and test discriminating propositions concerning the dynamic behavior of inequalities in fertility, educational attainments, and three endogenous income inequality measures - family-income inequality, income-group inequality, and the Gini coefficient. In this context, we also reexamine the Kuznets hypothesis concerning the relation between income growth and inequality.

Keywords: Human Capital, Fertility Inequalities, income inequality, Economic Development

JEL Classification: J11, J13, O4, O15

Suggested Citation

Ehrlich, Isaac and Kim, Jinyoung, The Evolution of Income and Fertility Inequalities over the Course of Economic Development: A Human Capital Perspective. Journal of Human Capital, Vol. 1, Winter 2007, Available at SSRN: https://ssrn.com/abstract=1130943

Isaac Ehrlich (Contact Author)

State University of New York at Buffalo - Department of Economics ( email )

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Buffalo, NY 14260
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HOME PAGE: http://arts-sciences.buffalo.edu/economics/faculty/faculty-directory/ehrlich.html

National Bureau of Economic Research (NBER) ( email )

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University of Chicago - University of Chicago Press ( email )

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Institute for the Study of Labor (IZA) ( email )

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Bonn, D-53072
Germany

Jinyoung Kim

Korea University - Department of Economics ( email )

1 Anam-dong 5 ka
Seoul, 136-701
Korea

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