Journal Article

Inequality in Landownership, the Emergence of Human-Capital Promoting Institutions, and the Great Divergence

Oded Galor, Omer Moav and Dietrich Vollrath

in The Review of Economic Studies

Published on behalf of Review of Economic Studies Ltd

Volume 76, issue 1, pages 143-179
Published in print January 2009 | ISSN: 0034-6527
Published online January 2009 | e-ISSN: 1467-937X | DOI: http://dx.doi.org/10.1111/j.1467-937X.2008.00506.x
Inequality in Landownership, the Emergence of Human-Capital Promoting Institutions, and the Great Divergence

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  • Education and Research Institutions
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This paper suggests that inequality in the distribution of landownership adversely affected the emergence of human-capital promoting institutions (e.g. public schooling), and thus the pace and the nature of the transition from an agricultural to an industrial economy, contributing to the emergence of the great divergence in income per capita across countries. The prediction of the theory regarding the adverse effect of the concentration of landownership on education expenditure is established empirically based on evidence from the beginning of the 20th century in the U.S.

Keywords: D02; D31; I21; N31

Journal Article.  20170 words.  Illustrated.

Subjects: Education and Research Institutions ; Microeconomics ; Labour and Demographic Economics

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