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Fiscal policy, composition of intergenerational transfers, and income distribution

Alonso-Carrera, Jaime; Caballé, Jordi; Raurich, Xavier - In: Journal of Economic Behavior & Organization 84 (2012) 1, pp. 62-84

In this paper, we characterize the relationship between the initial distribution of human capital and physical inheritances among individuals and the long-run distribution of these two variables. In a model with indivisible investment in education, we analyze how the initial distribution of...

Persistent link: https://www.econbiz.de/10010594608