endowments of the factors that complement the schooling process. The paper explores the relationship between inequality of … opportunities, inequality of outcomes, and aggregate efficiency in human capital formation. Using numerical solutions we study how … meanpreserving spread and a change in the support. The results suggest that a higher degree of inequality of opportunities is …

endowments of the factors that complement the schooling process. The paper explores the relationship between inequality of … opportunities, inequality of outcomes, and aggregate efficiency in human capital formation. Using numerical solutions we study how … meanpreserving spread and a change in the support. The results suggest that a higher degree of inequality of opportunities is …

Countries with high income inequality also show a strong association between parents' and children's economic well … higher inequality in childhood has a negative effect on intergenerational mobility as adults. Furthermore, the influence of …

The causes and consequences of the intergenerational persistence of inequality are a topic of great interest among … observed and are associated with income inequality, poverty, economic growth, public educational expenditures and assortative …

This paper quantifies the impact of borrowing constraints on consumption and earnings inequality in a life-cycle model … inference to estimate the model parameters, and show that wealth inequality causes both placement into lower-paying jobs as well …