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Schooling, learning on-the-job, earnings and inequality

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Author Info
Luis P. Correia ()
Abstract

Why might people in poor countries leave school earlier and invest less in learning on-thejob than people in rich ones? How do these human capital decisions impact on inequality? To give quantitative answers to these questions, I build an overlapping generations model with optimal human capital accumulation and a given distribution of abilities. Variation in mortality and population growth rates can generate large variability in schooling decisions, earnings profiles and measures of inequality. High mortality and population growth rates are shown to produce comparatively little investment in human capital, flat earnings profiles and low inequality, both within and across cohorts.

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Paper provided by Department of Economics, University of Bristol, UK in its series Bristol Economics Discussion Papers with number 06/585.

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Length: 42 pages
Date of creation: May 2006
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Handle: RePEc:bri:uobdis:06/585

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Related research
Keywords: human capital; earnings profiles; schooling; inequality.;

Find related papers by JEL classification:
I20 - Health, Education, and Welfare - - Education - - - General
J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends and Forecasts
J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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