Public versus Private Investment in Human Capital Endogenous Growth and Income Inequality (original) (raw)

Journal of Political Economy, 1992

Abstract

... for part b is similar since equation (9) has the same implications as (7). But note that even if -y + 8 &amp;amp;lt; 1, income inequality in the ... of human capital tomorrow is not only a function of his private stock today but also a function of the average human capital stock of society today. ...

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