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...
