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

46 Pages Posted: 22 Nov 2004 Last revised: 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

SUNY at Buffalo, College of Arts & Sciences, Department of Economics

Multiple version iconThere are 2 versions of this paper

Date Written: November 2004

Abstract

Using an endogenous-growth, overlapping-generations framework where 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.

Suggested Citation

Ehrlich, Isaac and Kim, Jinyoung, The Evolution of Income and Fertility Inequalities Over the Course of Economic Development: A Human Capital Perspective (November 2004). NBER Working Paper No. w10890, Available at SSRN: https://ssrn.com/abstract=618572

Isaac Ehrlich (Contact Author)

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

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Jinyoung Kim

SUNY at Buffalo, College of Arts & Sciences, Department of Economics ( email )

Buffalo, NY 14260
United States
716-645-2121 (Phone)

HOME PAGE: http://www.economics.buffalo.edu/jinyoung%20kim.html

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