Human Capital and Inequality Dynamics:The Role of Education Technology

Jean-Marie Viaene and Itzhak Zilcha

No 275715, Foerder Institute for Economic Research Working Papers from Tel-Aviv University > Foerder Institute for Economic Research

Abstract: The paper offers a united way to examine several puzzles on in- equality dynamics. It focuses on differences in the education tech- nology and their effects on income distributions. Our overlapping generations economy has the following features: (1) consumers are heterogenous with respect to ability and parental human capital; (2) intergenerational transfers take place via parental direct investment in education and, public education enhanced by taxes (possibly, with a level determined by majority voting). We explore several varia- tions in the production of human capital, some attributed to 'home- education' and others related to 'public-education', and indicate how various changes in education technologies affect the intragenerational income inequality along the equilibrium path.

Keywords: Financial Economics; Labor and Human Capital (search for similar items in EconPapers)
Pages: 45
Date: 2008-10
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Journal Article: Human Capital and Inequality Dynamics: The Role of Education Technology (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:isfiwp:275715

DOI: 10.22004/ag.econ.275715

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