Angelopoulos, Konstantinos; Malley, James R.; … - 2013
This paper develops a dynamic general equilibrium model to highlight the role of human capital accumulation of agents … output in the U.S. data from 1970-2000. We next show that endogenous social mobility and human capital accumulation are key … effects of policy reforms. Moreover, the dynamics of human capital accumulation imply that, post reform, the skill premium is …