2017
DOI: 10.22617/wps179176-2
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Human Capital Spending, Inequality, and Growth in Middle-Income Asia

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Cited by 4 publications
(4 citation statements)
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“…For instance, Altunbaş and Thornton (2019) argued that financial development is an important driver of income inequality, which decreases income inequality in upper-middle-income economies but increases income inequality in low-and high-income economies. Abrigo, Lee et al (2018) indicated that human capital investments improve income equity in Asia. Jaumotte, Lall et al (2013) found that average years of schooling have an increasing effect on income inequality in a sample of 51 countries.…”
Section: Determinants Of Income Inequality: a Short Summarymentioning
confidence: 99%
“…For instance, Altunbaş and Thornton (2019) argued that financial development is an important driver of income inequality, which decreases income inequality in upper-middle-income economies but increases income inequality in low-and high-income economies. Abrigo, Lee et al (2018) indicated that human capital investments improve income equity in Asia. Jaumotte, Lall et al (2013) found that average years of schooling have an increasing effect on income inequality in a sample of 51 countries.…”
Section: Determinants Of Income Inequality: a Short Summarymentioning
confidence: 99%
“…In the literature of economic development, human development also in turn contributes to economic growth and structural transformation (Bye & Faehn 2022;Fleisher et al 2010;Siddiqui & Rehman 2017). Numerous papers also suggest the inequality-reducing effects of human capital (Abrigo et al 2018;Sehrawat & Singh 2019). Malaysia and China are relevant examples.…”
Section: Discussion: Policy Lessons For Asian Countriesmentioning
confidence: 99%
“…Ferreira, Firpo & Messina (2022) demonstrate that higher educational attainment renders an increased supply of skilled labour and narrows the labour earnings inequality amongst the working-age population. Abrigo et al (2018) further reiterate that spending on human capital development reduces inequality by improving labour income for low-income earners. Winters and Chiodi (2011) disclose that higher educational attainment allows structural transformation in which workers shift from agricultural to non-agricultural employment, increasing workers' earnings and lowering inequality levels.…”
Section: Literature Reviewmentioning
confidence: 95%