Poverty Traps and Human Capital Accumulation

Dados Bibliográficos

ID9727263
AutoresCarlotta Berti Ceroni (0000-0002-2196-2087, University of Bologna, autor correspondente)
Ano2001
Volume68
Fascículo270
Páginas203-219
Data de publicação2001-05-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoEconomica (JOURNAL)
Identificadores do periódicoISSN: 0013-0427 • E-ISSN: 1468-0335
EditoraWiley (PUBLISHER • GB)
DOI10.1111/1468-0335.00242
OpenAlexW2021617605
IdiomaEN
Citações recebidas5
Referências 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