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| Tekijä: | Castelló-Climent, A. Doménech, R. |
| Otsikko: | Human capital inequality, life expectancy and economic growth |
| Lehti: | Economic Journal
2008 : APR, VOL. 118:528, p. 653-677 |
| Asiasana: | economic growth human capital inequality life expectancy |
| Kieli: | eng |
| Tiivistelmä: | A model, in which inequality affects per capita income when individuals decide to invest in education taking into account their life expectancy, which depends to a large extent on the human capital of their parents, is resented in this article. The findings show the existence of multiple steady states depending on the initial distribution of education. The low steady state is a poverty trap in which children raised in poor families have low life expectancy and work as non-educated work. |
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