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endogenize the demand and supply of skills. We explicitly introduce the costs and externalities in education, and examine how …
Persistent link: https://www.econbiz.de/10009781636
We extend the Lucas' 1988 model introducing two classes of agents with heterogeneous skills, discount factors and initial human capital endowments. We consider two regimes according to the planner's political constraints. In the first regime, that we call meritocracy, the planner faces...
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This paper evaluates the impact of education on measured inequality across the wage distribution using pooled records … from the 2005 and 2010 Cameroon labour force surveys, wage equations and standard inequality measures. Returns to education … returns to education for the period 2005-10 largest for the 5th and 10th percentiles. Inequality decreased from the lower to …
Persistent link: https://www.econbiz.de/10010467077
of education inequality measures across age groups allows us to assess the effect of inter-generational education …
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