The paper studies the effects of cross-country differences in the productionprocess of human capital on income … effect upon intragenerational income inequality and growth along theequilibrium path. We also indicate how the level of …

The paper studies the determinants of income distribution and growth in an overlapping generations economy ….Heterogeneity in income results from the distribution of human capital acrossindividuals in a non-degenerate way. The human capital … production is affected by 'home-education' , provided bythe parents, as well as 'public-education , which is provided equally to …

acounteracting effect: an increase in the stock of human capitalreduces the return to human capital and, therefore, pre-tax income …

This paper assesses the accuracy of decomposing income risk into permanent and transitory components using income and … that this approximation can provide a robust method for decomposing income risk. The availability of asset data enables the …

We examine the effect on inequality of increasing one income, and show that for two wide classes of indices a benchmark … income level or position exists, dividing upper from lower incomes, such that if a lower income is raised, inequality falls …, and if an upper income is raised, inequality rises. We provide a condition on the inequality orderings implicit in two …