Borissov, Kirill; Minabutdinov, Aleksey; Popov, Roman - 2024
process of human capital accumulation, the skill premium increases, then wage inequality among skilled workers, as measured by … learning abilities putting a key emphasis on the shape of the ability distribution. In our model, intergenerational human … capital externalities incentivize individuals to invest in skills, consequently reshaping the composition of the labor force …