Human Capital and the Quality of Education in a Poverty Trap Model

Maria Emma Santos

No 30, OPHI Working Papers from Queen Elizabeth House, University of Oxford

Abstract: This paper presents a model of a poverty trap that is caused by an unequal initial income and human capital distribution, and differences in the quality of education between children from the more and less advantaged social sectors. Under certain conditions, the economy converges to a situation with three stable and simultaneous equilibria, two of which constitute poverty traps, lowering the economy’s current and steady-state aggregate output level as well as its growth rate. The model suggests that a policy oriented to equalizing the quality of education would, in the long run, have potential in reducing initial inequalities.

Date: 2009-08
New Economics Papers: this item is included in nep-edu and nep-gro
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://ophi.org.uk/working-paper-number-30/ (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:qeh:ophiwp:ophiwp030

Access Statistics for this paper

More papers in OPHI Working Papers from Queen Elizabeth House, University of Oxford Queen Elizabeth House 3 Mansfield Road, Oxford, OX1 3TB United Kingdom. Contact information at EDIRC.
Bibliographic data for series maintained by IT Support ().