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

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 …

associated with the relative position of individuals). We show that more inequality in the distribution of endowments negatively … find that the opposite is true for wage inequality, namely, more wage inequality encourages competition and, as a result …

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 …

generates small welfare gains. As the price of robots falls, inequality rises but the robot tax and its welfare impact become …

. In the short run, cloning reduces inequality. In the long run, it creates a perfectly egalitarian society where all … necessarily eliminate inequality; nor does it disappear in the long run. Finally, if fertility is negatively correlated with …

We analyze inequality and mobility across generations in a dynastic economy. Nurture, in terms of bequests and the … nature affect mobility and the transmission of income inequality across generations, thus complementing the vast empirical …

education characteristic of the pre-reform era has given rise to substantial inequality in access to higher levels of education …

generates small welfare gains. As the price of robots falls, inequality rises but the robot tax and its welfare impact become …