Alonso-Carrera, Jaime; Caballé, Jordi; Raurich, Xavier - College of Business and Economics, Australian National … - 2010
In this paper, we characterize the relationship between the initial distribution of human capital and physical inheritances among individuals and the long-run distri- bution of these two variables. In a model with indivisible investment in education, we analyze how the initial distribution of...
