Andrea, Canidio - Volkswirtschaftliche Fakultät, … - 2009
skilled and unskilled workers, the cost of education, and credit rationing are endogenous. In the model, the existence of … unequal steady states does not depend on the degree of technological skill bias, but on the credit market, the cost of … education, and the growth rate of the economy. However, by building an appropriate measure of inequality, I show that when …