Human Capital and Inequality Dynamics

The Role of Education Technology

Bibliographic Data

ID9722212
AuthorsJEAN‐MARIE VIAENE (Tinbergen Institute), ITZHAK ZILCHA (0000-0003-1208-0901, Tel Aviv University)
Year2009
Volume76
Issue304
Pages760-778
Publication date2009-10-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueEconomica (JOURNAL)
Journal identifiersISSN: 0013-0427 • E-ISSN: 1468-0335
PublisherWiley (PUBLISHER • GB)
DOI10.1111/j.1468-0335.2008.00718.x
OpenAlexW2136013077
LanguageEN
Citations received2
References cited35

The paper offers a unified way to examine several puzzles on inequality dynamics. It focuses on differences in the education technology and their effects on income distributions. Our overlapping generations economy has the following features: (1) consumers are heterogenous with respect to ability and parental human capital; and (2) intergenerational transfers take place via parental direct investment in education and, public education financed by taxes (possibly, with a level determined by majority voting). We explore several variations in the production of human capital, some attributed to ‘home‐education’ and others related to ‘public‐education’, and indicate how various changes in education technologies affect the intragenerational income inequality along the equilibrium path

Affect (linguistics) · Capital (architecture) · Economic growth · Economic inequality · Economics · General equilibrium theory · Human capital · Inequality · Investment (military) · Labour economics · Microeconomics · Overlapping generations model · Political science · Production (economics) · Public education · Social mobility · Sociology · Voting · Income, Poverty, and Inequality · Intergenerational and Educational Inequality Studies · Labor market dynamics and wage inequality

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