BARTHELEMY, Vincent; MICHEL, Philippe - Institut de Recherche Économique et Sociale (IRES), … - 2003
This paper examines the dynamics of the skill supply and its incidence on economic growth in the presence of education … policies. When there are indivisibilities in the financing of human capital, small differences in the initial distribution of … skills may greatly affect the stationary distribution : the economy may end up in a "low skill trap", or in a high skill …