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A model of education where the distribution of innate abilities is the source of heterogeneity is investigated. Public … and private education models are investigated and compared. Human capital follows a first order Markov process which is … shown to converge to a unique stationary distribution in both education systems. Income distributions are characterised …
Persistent link: https://www.econbiz.de/10005458678
A large literature has identified a variety of "ancillary variables", such as political instability, income distribution, and financial development as important determinants of income growth in cross-sectional studies. This leaves open the question of whether these variables influence growth...
Persistent link: https://www.econbiz.de/10005264500
In the context of a human capital based growth model, we show the essential role of labor mobility in equalizing income levels for countries that start off from different initial income positions. Human capital externalities cum labor mobility are the driving forces behind the income level...
Persistent link: https://www.econbiz.de/10005675410
статья посвящена значению норм финансового права для ликвидации последствий мирового финансового кризиса. В ней рассмотрены вопросы общей теории финансового...
Persistent link: https://www.econbiz.de/10011224044
education of household members, especially the household head. …
Persistent link: https://www.econbiz.de/10010961123
deterministic, non-linear relationship between years of education attained in youth and earnings in adult life. …
Persistent link: https://www.econbiz.de/10005656806
wealth/income induces slower growth. In the present model, investment, viewed as education, comes from two sources : a public …
Persistent link: https://www.econbiz.de/10005656826
This paper reviews income distribution in developing countries in recent decades. On average, before-tax income distribution is less unequal in developing countries than it is in industrial countries. However, unlike industrial countries, developing countries in general have not been able to use...
Persistent link: https://www.econbiz.de/10005661040
This paper draws on the work of DiNardo, Fortin and Lemieux (1996) and presents a new method for examining the distribution of the benefits of growth in developing countries. The method allows one to present decompositions in the form of cumulative distribution functions, Lorenz curves and...
Persistent link: https://www.econbiz.de/10005574831
works through the access to education. After reviewing this debate, a formal model shows how the imperfection of financial … distribution; and a positive dependence on public resources invested in education and/or on skill premium in the labour market … seem mainly relevant in limiting the access to secondary education. However, when considering gender differences, there is …
Persistent link: https://www.econbiz.de/10005776020