Substitutability in Human Capital Formation and Education Inequality

Lin Zhang

Economics Bulletin, 2019, vol. 39, issue 1, 55-63

Abstract: This paper shows that substitutability in human capital formation could influence inequality in education. By incorporating a model of self-selection in education where individuals are heterogeneous in initial wealth and innate ability, we show that any increase in the substitutability of innate ability for initial wealth reduces educational inequality.

Keywords: Human capital; Education inequality; Heterogeneity; Substitutability (search for similar items in EconPapers)
JEL-codes: I2 (search for similar items in EconPapers)
Date: 2019-01-10
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.accessecon.com/Pubs/EB/2019/Volume39/EB-19-V39-I1-P7.pdf (application/pdf)

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:ebl:ecbull:eb-18-00708

Access Statistics for this article

More articles in Economics Bulletin from AccessEcon
Bibliographic data for series maintained by John P. Conley ().