Education and Income Inequality: The Role of a Social Protection System

Alexandra Rillaers
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Alexandra Rillaers: UNIVERSITE CATHOLIQUE DE LOUVAIN, Institut de Recherches Economiques et Sociales (IRES)

No 1999017, LIDAM Discussion Papers IRES from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

Abstract: In this paper we aim to understand how unemployment benefits may affect investment in education when the latter is characterized by uncertain returns. This is done in an overlapping generations model in which endogenous growth is introduced through human capital accumulation. We develop a numerical example of the model in order to reproduce some key differences between the European versus the North American economy; differences that, according to this model, result from the different degree of social protection characterizing both economies.

Keywords: uncertainty; education; income inequality (search for similar items in EconPapers)
JEL-codes: D81 H55 I29 (search for similar items in EconPapers)
Pages: 26
Date: 1999-05-01
New Economics Papers: this item is included in nep-lab and nep-pbe
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Persistent link: https://EconPapers.repec.org/RePEc:ctl:louvir:1999017

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