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 …

education of household members, especially the household head. …

deterministic, non-linear relationship between years of education attained in youth and earnings in adult life. …

wealth/income induces slower growth. In the present model, investment, viewed as education, comes from two sources : a public …

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 …

redistribution is in the form of government expenditure on education, and government expenditure does not crowd out private …

We study how the allocation of government expenditures between two major outlays -- education and pay-as-you-go social …