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The paper considers a two-country model of overlapping generations heterogenous
Persistent link: https://www.econbiz.de/10005137211
The paper studies the effects of cross-country differences in the production process of human capital on income distribution and growth. Our overlapping gen- erations economy has the following features: (1) consumers are heterogenous with respect to parental human capital and wealth; (2)...
Persistent link: https://www.econbiz.de/10005137225
The paper studies the determinants of income distribution and growth in an overlapping generations economy with heterogenous households. Our framework has the following main features: <OL> <LI>heterogeneity of consumers with respect to wealth and parental human capital; <LI>intergenerational transfers,...</li></li></ol>
Persistent link: https://www.econbiz.de/10005137322