Matches in SemOpenAlex for { <https://semopenalex.org/work/W1591674927> ?p ?o ?g. }
- W1591674927 abstract "Conventional wisdom about the relationship between income distribution and economic development has been subjected to dramatic transformations in the past century. While classical economists advanced the hypothesis that inequality is beneficial for growth, the neoclassical paradigm dismissed the classical hypothesis and suggested that income distribution has limited role in the growth process. A metamorphosis in these perspectives has taken place in the past two decades. Theory and subsequent empirical evidence have demonstrated that income distribution has a significant impact on human capital formation and the development process. In early stages of industrialization, as physical capital accumulation was a prime engine of growth, inequality enhanced the process of development by channeling resources towards individuals whose marginal propensity to save is higher. In later stages of development, however, as human capital has become a main engine of growth, equality, in the presence of credit constraints, has stimulated human capital formation and growth. Moreover, unequal distribution of land has been a hurdle for economic development. While industrialists have had an incentive to support education policies that foster human capital formation, landowners, whose interests lay in the reduction of the mobility of their labor force, have favored policies that deprived the masses of education." @default.
- W1591674927 created "2016-06-24" @default.
- W1591674927 creator A5081902989 @default.
- W1591674927 date "2011-05-01" @default.
- W1591674927 modified "2023-10-12" @default.
- W1591674927 title "Inequality, Human Capital Formation and the Process of Development" @default.
- W1591674927 cites W14403589 @default.
- W1591674927 cites W1486742195 @default.
- W1591674927 cites W1500864630 @default.
- W1591674927 cites W1503250479 @default.
- W1591674927 cites W1520082828 @default.
- W1591674927 cites W1536645919 @default.
- W1591674927 cites W1540070842 @default.
- W1591674927 cites W1550292059 @default.
- W1591674927 cites W1563358119 @default.
- W1591674927 cites W1563515082 @default.
- W1591674927 cites W1564965470 @default.
- W1591674927 cites W1588189399 @default.
- W1591674927 cites W1592554016 @default.
- W1591674927 cites W1596790722 @default.
- W1591674927 cites W1606964474 @default.
- W1591674927 cites W1608267444 @default.
- W1591674927 cites W169294185 @default.
- W1591674927 cites W171382399 @default.
- W1591674927 cites W1715038780 @default.
- W1591674927 cites W1966042462 @default.
- W1591674927 cites W1966454722 @default.
- W1591674927 cites W1969768315 @default.
- W1591674927 cites W1972491783 @default.
- W1591674927 cites W1974075461 @default.
- W1591674927 cites W1976665828 @default.
- W1591674927 cites W1980286469 @default.
- W1591674927 cites W1980801036 @default.
- W1591674927 cites W1981132076 @default.
- W1591674927 cites W1984778406 @default.
- W1591674927 cites W1986303531 @default.
- W1591674927 cites W1994514652 @default.
- W1591674927 cites W1996482653 @default.
- W1591674927 cites W1999338836 @default.
- W1591674927 cites W2005017392 @default.
- W1591674927 cites W2012135746 @default.
- W1591674927 cites W2015522239 @default.
- W1591674927 cites W2016849492 @default.
- W1591674927 cites W2018579465 @default.
- W1591674927 cites W2019856397 @default.
- W1591674927 cites W2022983327 @default.
- W1591674927 cites W2023801778 @default.
- W1591674927 cites W2032014665 @default.
- W1591674927 cites W2033483434 @default.
- W1591674927 cites W2036693624 @default.
- W1591674927 cites W2037106172 @default.
- W1591674927 cites W2038811918 @default.
- W1591674927 cites W2042219705 @default.
- W1591674927 cites W2047429427 @default.
- W1591674927 cites W2048369978 @default.
- W1591674927 cites W2048593579 @default.
- W1591674927 cites W2048838151 @default.
- W1591674927 cites W2062504830 @default.
- W1591674927 cites W2064655618 @default.
- W1591674927 cites W2065150546 @default.
- W1591674927 cites W2069091743 @default.
- W1591674927 cites W2074475306 @default.
- W1591674927 cites W2084862032 @default.
- W1591674927 cites W2087229412 @default.
- W1591674927 cites W2087577387 @default.
- W1591674927 cites W2094222514 @default.
- W1591674927 cites W2094804480 @default.
- W1591674927 cites W2099256249 @default.
- W1591674927 cites W2099373109 @default.
- W1591674927 cites W2100855677 @default.
- W1591674927 cites W2103419131 @default.
- W1591674927 cites W2105085862 @default.
- W1591674927 cites W2105717288 @default.
- W1591674927 cites W2106315213 @default.
- W1591674927 cites W2107421479 @default.
- W1591674927 cites W2108614304 @default.
- W1591674927 cites W2111988782 @default.
- W1591674927 cites W2113844427 @default.
- W1591674927 cites W2116692399 @default.
- W1591674927 cites W2117910752 @default.
- W1591674927 cites W2123501413 @default.
- W1591674927 cites W2124498576 @default.
- W1591674927 cites W2130797652 @default.
- W1591674927 cites W2136696777 @default.
- W1591674927 cites W2137295327 @default.
- W1591674927 cites W2138977309 @default.
- W1591674927 cites W2144705212 @default.
- W1591674927 cites W2145725926 @default.
- W1591674927 cites W2146494635 @default.
- W1591674927 cites W2150717541 @default.
- W1591674927 cites W2152741409 @default.
- W1591674927 cites W2156565164 @default.
- W1591674927 cites W2163169561 @default.
- W1591674927 cites W2163395908 @default.
- W1591674927 cites W2163490280 @default.
- W1591674927 cites W2166192274 @default.
- W1591674927 cites W2169373023 @default.
- W1591674927 cites W2169503520 @default.
- W1591674927 cites W2169955603 @default.
- W1591674927 cites W2170238606 @default.