Human Capital Formation , Income Inequality and Growth *


The paper studies the determinants of income distribution and growth in an overlapping generations economy with heterogenous households. Our framework has the following main features: (1) heterogeneity of consumers with respect to wealth and parental human capital; (2) intergenerational transfers, accomplished via investment in the education of the younger… (More)

2 Figures and Tables


  • Presentations referencing similar topics