We show that the characteristics of the educational system itself can generate social segmentation. A stylised educational framework is constructed in which everyone receives a compulsory basic education and can subsequently choose between direct working, vocational studies and the university,...

In this article we analyse the combination of a minimum wage and a devaluation/depreciation so as to release the external constraint on growth. The policy maker aims at achieving both balanced trade and higher growth. These may be reached by devaluating the domestic currency, which however...

Purpose: We analyse the impact of different public policies on inequality, unemployment, growth and the tax burden. In this purpose, we build a dynamic general equilibrium model in which growth is driven by endogenous technical progress to analyse the impacts of several policies (Minimum wage;...