Head of Economic Analysis
Rafael Doménech is the Head of Economic Analysis of BBVA Research and Professor of Economics at the University of Valencia.MSc in Economics, London School of Economics. PhD in Economics, University of Valencia. Director General at the Economic Bureau of the Spanish Prime Minister (2007-8). He also has been director of the International Economic Institute and member of the Advisory Board of the University of Valencia. External researcher of the Spanish Ministry of the Economy and Finance and the Fundación Rafael del Pino. He was appointed by the Spanish Government as a member of the Expert Committee on the Sustainability Factor of the Public Pension System.Fellow of the Spanish Economy Association. He has been member of the editorial boards of the main Spanish journals in Economics. He has published numerous articles in well-known international scientific journals on economic growth, human capital, business cycles, and fiscal and monetary policies. He is author of two books on the Spanish economy: The Spanish Economy: A General Equilibrium Perspective (Palgrave MacMillan) and En Busca de la Prosperidad and La Era de la Disrupción Digital (Deusto).
Although GDP per capita is a good aggregate indicator of market activities (with some limitations due to digital disruption), a broader range of indicators than those traditionally used, such as GDP, is required to measure welfare and the progress of societies.
Although we are still managing the health crisis with its continuous trickle of infections and deaths, the approval of vaccines against COVID-19 and their expected deployment over the coming months is an important ray of hope for our societies.
This paper explores the relationship between human capital inequality and income inequality, using an updated data set on human capital inequality for 146 countries from 1950 to 2010 and a novel database on earnings inequality.