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Paper No' CEEDP0116: | Full paper
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Keywords: Inequality; human capital, economic history, Kuznets curve.
JEL Classification: D31; E27; F02; N00; O40
Is hard copy/paper copy available? YES - Paper Copy Still In Print.
This Paper is published under the following series: CEE Discussion Papers
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Abstract:This paper describes global trends in average educational attainment and in education inequality since 1870, improving the database released by Morrisson-Murtin (2009). Inequality in years of schooling is found to be rapidly decreasing, a direct consequence of the decline in illiteracy. Then, we turn to human capital inequality, and focus, among several other alternatives, on a Mincerian production function of human capital that accounts for diminishing returns to schooling. Within countries, we find evidence of an inverted U-shape curve for human capital inequality, namely a Kuznets curve of education. At the world level, human capital inequality has followed a similar pattern, first increasing from 1870 to 1970, then decreasing.
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