Marc St-Pierre

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Herschel Grossman1
Alaka Holla1
Herakles Polemarchakis1
1Herschel Grossman
1Alaka Holla
1Herakles Polemarchakis
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This paper develops a tractable, heterogeneous agents general equilibrium model where individuals have different endowments of the factors that complement the schooling process. The paper explores the relation between inequality of opportunities , inequality of outcomes, and efficiency in human capital formation. Using numerical solutions we study how the(More)
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