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.
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- Thomas Piketty, 1997. "The Dynamics of the Wealth Distribution and the Interest Rate with Credit Rationing," Review of Economic Studies, Oxford University Press, vol. 64(2), pages 173-189.
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