This paper uses a non-overlapping generations model of endogenous growth to describe the effect of human capital’s heterogeneity on economic growth. In the model, workers can accumulate human capital not only through education, but also through on-the-job training (j-t); enterpreneurs can...

It is widely held that the social-economic context of the United States, characterised by labour market flexibility and deregulation of product and capital markets, lies at the basis of the innovative capacity displayed by the country’s productive system in the ‘90s, thus accounting...