JARAMILLO, Fernando; MOIZEAU, Fabien - In: Annales d'Economie et de Statistique (2002) 65, pp. 85-116
The aim of this paper is to analyze the influence of social mobility on inequality dynamics and economic growth. We develop a framework in which agents accumulate human capital benefiting from two types of externalities: a social one and a local one. We first characterize the equilibrium...