Formation endogène et persistance des inégalités
The purpose of this paper is to demonstrate that inherited human capital is a powerful vector of inequality formation and persistence, irrespective of its links with financial wealth endowment. This paper argues that the agents who inherit a low level of human capital bear a greater utility cost in their educational investment and that there are different profiles of returns on human capital within the economy. These two arguments are sufficient to generate an endogenous formation of workers’ and entrepreneurs’ groups and a continuum of steady states with inequality. Classification JEL : J24, J62, J31, D33
References listed on IDEAS
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- Falilou Fall, 2005.
"Endogenous persistent inequality,"
Cahiers de la Maison des Sciences Economiques
v05059, Université Panthéon-Sorbonne (Paris 1).
- Falilou Fall, 2005. "Endogenous persistent inequality," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00196084, HAL.
- FALL, Falilou, 2005. "Endogenous persistent inequality," CORE Discussion Papers 2005094, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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- Dominique Rouault, 2001. "Les revenus des indépendants et dirigeants : la valorisation du bagage personnel," Économie et Statistique, Programme National Persée, vol. 348(1), pages 35-59.
- Loury, Glenn C, 1981. "Intergenerational Transfers and the Distribution of Earnings," Econometrica, Econometric Society, vol. 49(4), pages 843-867, June. Full references (including those not matched with items on IDEAS)
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