Yıl: 2020 Cilt: 11 Sayı: 3 Sayfa Aralığı: 591 - 607 Metin Dili: İngilizce DOI: 10.20409/berj.2020.271 İndeks Tarihi: 10-05-2021

Distributional Effects of Human Capital in Advanced Economies: Dynamics of Economic Globalization

Öz:
This study investigates the human capital-income inequality nexus for 19 advanced economies. The whole sample covers the period between 1990 and 2017. The econometric analysis considers two fundamentalpanel data methods, namely the fixed-effects and two-step system GMM, to test whether the correlation between human capital development and income inequality is negative or not. The empirical findings of these two particular panel data methods reveal thatwhile the initial stages of accumulating a higher degree of human capital through increasing the average years of schooling and returns to education reduce the level of income inequality, the later stages show that this negative relationship turns into positive by way of widening the unequal distribution of national income. In addition, the economic globalization appears to be positively correlated with income inequality, meaning that globalized economic relations widen the scale of inequality where the statistical significance of human capital-income inequality nexus still prevails. All these estimation results show that they are contradicted with the mainstream findings, each of which puts forward that higher level of human capital reduces the level of income inequality.
Anahtar Kelime:

Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık
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APA Özdemir O (2020). Distributional Effects of Human Capital in Advanced Economies: Dynamics of Economic Globalization. , 591 - 607. 10.20409/berj.2020.271
Chicago Özdemir Onur Distributional Effects of Human Capital in Advanced Economies: Dynamics of Economic Globalization. (2020): 591 - 607. 10.20409/berj.2020.271
MLA Özdemir Onur Distributional Effects of Human Capital in Advanced Economies: Dynamics of Economic Globalization. , 2020, ss.591 - 607. 10.20409/berj.2020.271
AMA Özdemir O Distributional Effects of Human Capital in Advanced Economies: Dynamics of Economic Globalization. . 2020; 591 - 607. 10.20409/berj.2020.271
Vancouver Özdemir O Distributional Effects of Human Capital in Advanced Economies: Dynamics of Economic Globalization. . 2020; 591 - 607. 10.20409/berj.2020.271
IEEE Özdemir O "Distributional Effects of Human Capital in Advanced Economies: Dynamics of Economic Globalization." , ss.591 - 607, 2020. 10.20409/berj.2020.271
ISNAD Özdemir, Onur. "Distributional Effects of Human Capital in Advanced Economies: Dynamics of Economic Globalization". (2020), 591-607. https://doi.org/10.20409/berj.2020.271
APA Özdemir O (2020). Distributional Effects of Human Capital in Advanced Economies: Dynamics of Economic Globalization. Business and Economics Research Journal, 11(3), 591 - 607. 10.20409/berj.2020.271
Chicago Özdemir Onur Distributional Effects of Human Capital in Advanced Economies: Dynamics of Economic Globalization. Business and Economics Research Journal 11, no.3 (2020): 591 - 607. 10.20409/berj.2020.271
MLA Özdemir Onur Distributional Effects of Human Capital in Advanced Economies: Dynamics of Economic Globalization. Business and Economics Research Journal, vol.11, no.3, 2020, ss.591 - 607. 10.20409/berj.2020.271
AMA Özdemir O Distributional Effects of Human Capital in Advanced Economies: Dynamics of Economic Globalization. Business and Economics Research Journal. 2020; 11(3): 591 - 607. 10.20409/berj.2020.271
Vancouver Özdemir O Distributional Effects of Human Capital in Advanced Economies: Dynamics of Economic Globalization. Business and Economics Research Journal. 2020; 11(3): 591 - 607. 10.20409/berj.2020.271
IEEE Özdemir O "Distributional Effects of Human Capital in Advanced Economies: Dynamics of Economic Globalization." Business and Economics Research Journal, 11, ss.591 - 607, 2020. 10.20409/berj.2020.271
ISNAD Özdemir, Onur. "Distributional Effects of Human Capital in Advanced Economies: Dynamics of Economic Globalization". Business and Economics Research Journal 11/3 (2020), 591-607. https://doi.org/10.20409/berj.2020.271