Global Inequality in a More Educated World
In developing countries, younger and better-educated cohorts are entering the workforce. This developing world-led education wave is altering the skill composition of the global labor supply, and impacting income distribution, at the national and g...
| Main Authors: | , , , , |
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| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/441561498875254417/Global-inequality-in-a-more-educated-world http://hdl.handle.net/10986/27637 |
| Summary: | In developing countries, younger and
better-educated cohorts are entering the workforce. This
developing world-led education wave is altering the skill
composition of the global labor supply, and impacting income
distribution, at the national and global levels. This paper
analyzes how this education wave reshapes global inequality
over the long run using a general-equilibrium macro-micro
simulation framework that covers harmonized household
surveys representing almost 90 percent of the world
population. The findings under alternative assumptions
suggest that global income inequality will likely decrease
by 2030. This increasing educated labor force will
contribute to the closing of the gap in average incomes
between developing and high income countries. The
forthcoming education wave would also minimize, mainly for
developing countries, potential further increases of
within-country inequality. |
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