Accumulation and Distribution of Human Capital: The Interaction between Individual and Aggregate Variables

Massimo Giannini
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Massimo Giannini: University of Rome Tor Vergata

GE, Growth, Math methods from University Library of Munich, Germany

Abstract: The paper analyzes the joint evolution of accumulation and distribution of human capital in an OLG framework. Dynamics arises from the interplay between human capital distribution and individual variables - inherited human capital and inborn ability. Such interaction drives individual investment in human capital and accumulation in the economy. According to the initial distribution the model provides different dynamical behaviours linking growth and inequality; in general economies with a more equal initial distribution grow faster but other cases are possible. Moreover, since the model provides an endogenous threshold for investing in human capital, the distribution is characterized by multi- modality

Keywords: Human; Capital; Bargaining; Inequality; Poverty-trap (search for similar items in EconPapers)
JEL-codes: C6 D5 D9 (search for similar items in EconPapers)
Pages: 28 pages
Date: 1999-01-24
New Economics Papers: this item is included in nep-mic and nep-tid
Note: Type of Document - SW25; prepared on W98; pages: 28; figures: included
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpge:9901002

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