Poverty Traps and Human Capital Accumulation

Datos Bibliográficos

ID9727263
AutoresCarlotta Berti Ceroni (0000-0002-2196-2087, University of Bologna, autor de correspondencia)
Año2001
Volumen68
Número270
Páginas203-219
Fecha de publicación2001-05-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaEconomica (JOURNAL)
Identificadores de la revistaISSN: 0013-0427 • E-ISSN: 1468-0335
EditorialWiley (PUBLISHER • GB)
DOI10.1111/1468-0335.00242
OpenAlexW2021617605
IdiomaEN
Citas recibidas5
Referencias citadas3

In this paper I show that persistent inequality in the distribution of human capital and a negative relation between initial inequality and steady‐state aggregate output may follow from the fact that the poor require relatively higher returns to increase expenditure on education. Moreover, I show that poverty traps emerging in models where individual transitions do not depend on aggregate dynamics, though not robust to the introduction of idiosyncratic uncertainty, may still be relevant observationally, if idiosyncratic shocks occur with low probability. In this context, I also analyse the implications of introducing a public education system

Aggregate (composite) · Capital (architecture) · Context (archaeology) · Demographic economics · Distribution (mathematics) · Econometrics · Economic growth · Economics · Geography · Human capital · Inequality · Poverty · Poverty trap · Economic theories and models · Fiscal Policy and Economic Growth · Income, Poverty, and Inequality · Mathematics