Human capital Kuznets curve with subsistence consumption level

Matsuo, Miki; Tomoda, Yasunobu

doi:10.1016/j.econlet.2012.04.012

Cited by 13 publications

(6 citation statements)

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“…The Stone-Geary utility function has been widely used in the economic literature including, of particular relevance in this context, to examine the relationship between poverty and economic growth. See, for example,Steger (2000);Ravn et al (2008);Ogaki and Zhang (2001);Kraay and Raddatz (2007) Matsuo and Tomoda (2012). use a Stone-Geary utility to examine investment in education, whileAchury et al (2012) examine the relationship between a subsistence constraint and savings.…”

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confidence: 99%

Democratic Reform and Opposition to Government Expenditure: Evidence from Nineteenth-Century Britain

Chapman

2018

QJPS

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Several theories have argued that democratic reform will lead to higher government spending. However, these theories have generally focused on expenditure on redistribution rather than expenditure on public goods. This paper presents a model predicting that democratization leads to lower government expenditure on infrastructure if the median pre-reform voter is middle class. This prediction is tested using a new panel dataset of town council infrastructure spending and revenue in nineteenth-century Britain. An 1894 national reform implementing a system of "one-household-one-vote" and the secret ballot is used as the treatment event in a difference-indifference analysis. The results show that democratic reform led to lower levels of town council spending on public goods, including water supply and other public infrastructure, relative to towns that were democratized at an earlier date. In line with the theoretical prediction, this negative effect was strongest when democratic reform transferred power from the middle class to the poor.

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confidence: 99%

Democratic Reform and Opposition to Government Expenditure: Evidence from Nineteenth-Century Britain

Chapman

2018

QJPS

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“…In other words, increases in human capital inequality in earlier phases are followed by subsequent reductions in human capital inequality in later phases of economic development. For empirical contributions, see e.g., De Gregorio and Lee (2002), Castello and Domenech (2002), Lim and Tang (2008) and Morrisson and Murtin (2013); for theoretical models see e.g., Galor and Tsiddon (1996), Glomm and Ravikamur (1998) and Matsuo and Tomoda (2012).…”

Section: Government Intervention In Educationmentioning

confidence: 99%

The Human Capital Transition and the Role of Policy

Hippe¹,

Fouquet²

2019

Handbook of Cliometrics

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A potentially important source of green growth in the future is the expansion of the weightless or dematerialised knowledge economy. Along with information and communication technology (ICT) and infrastructure, and the innovation system, human capital is a key pillar of this knowledge economy with its scope for increasing returns. With this in mind, the purpose of this paper is to investigate how industrialised economies managed to achieve the transition from low to high levels of human capital, and to identify lessons for green growth.The first phase of the human capital transition was the result of the interaction of supply and demand, triggered by technological change and boosted by the demands for (immaterial) services. The second phase of the human capital transition (i.e. mass education) resulted from enforced legislation and major public investment. The state's aim to influence children's beliefs appears to have been a key driver in public investment.Nevertheless, the roles governments played differed according to the developmental status and inherent socioeconomic and political characteristics of their countries. These features of the human capital transition are directly relevant to future transitions associated with green growth, and highlight the importance of understanding governments' incentives and roles in transitions.

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Section: Government Intervention In Educationmentioning

confidence: 99%

The Human Capital Transition and the Role of Policy

Hippe

Fouquet

2018

Handbook of Cliometrics

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Centre for Climate Change Economics and Policy Working Paper No. 210 Grantham Research Institute on Climate Change and the Environment Working Paper No. 185 The Centre for Climate Change Economics and Policy (CCCEP) was established by the University of Leeds and the London School of Economics and Political Science in 2008 to advance public and private action on climate change through innovative, rigorous research. The Centre is funded by the UK Economic and Social Research Council. Its second phase started in 2013 and there are five integrated research themes: 1. Understanding green growth and climate-compatible development 2. Advancing climate finance and investment 3. Evaluating the performance of climate policies 4. Managing climate risks and uncertainties and strengthening climate services 5. Enabling rapid transitions in mitigation and adaptation More information about the Centre for Climate Change Economics and Policy can be found at: http://www.cccep.ac.uk. The Grantham Research Institute on Climate Change and the Environment was established by the London School of Economics and Political Science in 2008 to bring together international expertise on economics, finance, geography, the environment, international development and political economy to create a worldleading centre for policy-relevant research and training. The Institute is funded by the Grantham Foundation for the Protection of the Environment and the Global Green Growth Institute. It has nine research programmes: 1. Adaptation and development 2. Carbon trading and finance 3. Ecosystems, resources and the natural environment 4. Energy, technology and trade 5. Future generations and social justice 6. Growth and the economy 7. International environmental negotiations 8. Modelling and decision making 9. Private sector adaptation, risk and insurance More information about the Grantham Research Institute on Climate Change and the Environment can be found at: http://www.lse.ac.uk/grantham. This working paper is intended to stimulate discussion within the research community and among users of research, and its content may have been submitted for publication in academic journals. It has been reviewed by at least one internal referee before publication. The views expressed in this paper represent those of the author(s) and do not necessarily represent those of the host institutions or funders.

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Human capital Kuznets curve with subsistence consumption level

Cited by 13 publications

References 10 publications

Democratic Reform and Opposition to Government Expenditure: Evidence from Nineteenth-Century Britain

Democratic Reform and Opposition to Government Expenditure: Evidence from Nineteenth-Century Britain

The Human Capital Transition and the Role of Policy

The Human Capital Transition and the Role of Policy

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