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 …