Unequal opportunities and human capital formation

Marc St-Pierre and Daniel Mejia

No 188, Econometric Society 2004 Latin American Meetings from Econometric Society

Abstract: This paper develops a tractable, heterogeneous agents general equilibrium model where agents face different costs of access to the educational system. The paper explores the relation between inequality of opportunities (in the form of differential costs of access to the educational process) and efficiency (the levels of human capital and output). More precisely, the results from the simulation of the model suggest that a higher level of inequality of opportunities is associated with a lower level of average human capital, lower output per worker and higher income (wage) inequality. In other words, the model (based on standard assumptions) does not predict a trade-off between efficiency and equal opportunity in human capital formation

Keywords: Human Capital; Inequality; Equity-Efficiency Tradeoff (search for similar items in EconPapers)
JEL-codes: J24 J31 O15 (search for similar items in EconPapers)
Date: 2004-08-11
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Citations: View citations in EconPapers (1)

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http://repec.org/esLATM04/up.14831.1081990127.pdf (application/pdf)

Related works:
Journal Article: Unequal opportunities and human capital formation (2008)
Working Paper: Unequal Opportunities and Human Capital Formation (2006)
Working Paper: Unequal Opportunities and Human Capital Formation (2006)
Working Paper: Unequal Opportunities and Human Capital Formation (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:ecm:latm04:188

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