全球智库信息集成服务系统(G2TT): DP2140 Is the Kuznets Curve Still Alive? Evidence from Italy's Household Budgets, 1881-1961

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP2140
	DP2140 Is the Kuznets Curve Still Alive? Evidence from Italy's Household Budgets, 1881-1961
	Gianni Toniolo; Nicola Rossi; Giovanni Vecchi
发表日期	1999-05-31
出版年	1999
语种	英语
摘要	This study explains the evolution of wage inequality over the last 30 years and supports this explanation with evidence. At each level of schooling, a faster rate of technological progress weakens the link between schooling and work and increases the unknown needed to cope with during one's working life. Coping with the unknown demands ability. By accentuating the role of ability, technological progress increases wage inequality within each group of education as well as between education groups. Inasmuch as education is an irreversible investment, the rise in within group inequality boosts up the rise of between group inequality. Guided by this theory we turn to the PSID for evidence. Using parents' education to approximate child's ability we show the following set of results: (a) Controlling for education of the child, parents' education contributes a lot more in the 1980s to his wage growth than in the 1970s. (b) The correlation between the parents' and the child's education increases from the 1970s to the 1980s. (c) The return to college education to the individual who has no ability rents has not changed - it remains steady at the reasonable number of 23 percent. (d) The uncertainty of post-college wage increases relative to the uncertainty of post-high school wages over the same period. (e) It is parents' education and not parents' income that explains the wage growth of their children.
主题	International Macroeconomics
关键词	Ability Economic growth Inequality Mobility Technological progress
URL	https://cepr.org/publications/dp2140
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/531250
推荐引用方式 GB/T 7714	Gianni Toniolo,Nicola Rossi,Giovanni Vecchi. DP2140 Is the Kuznets Curve Still Alive? Evidence from Italy's Household Budgets, 1881-1961. 1999.