Stauvermann, Peter; Kumar, Ronald Ravinesh - In: Economies : open access journal 6 (2018) 1, pp. 1-12
skills and human capital, and it increases inequality if employees are not capable adapting to new technologies. The second … efficiently. In this paper, we use an overlapping generation model with human capital accumulation and inequality to derive a … mechanism which reduces income inequality and provides an incentive for all adults to invest more in education. As a consequence …