Multiple regimes in human capital accumulation

Abstract

Aims to provide an analytical framework investigating the accumulation of human capital in an OLG framework characterized by a continuous interplay between human capital distribution and individual choice of accumulation. This leads to a wide variety of dynamics. Generally, more equal economies tend to accumulate a higher human capital but other cases are possible. The accumulation is characterized by bimodality or multimodality in the human capital distribution and by an endogenous poverty trap.

Citation

Giannini, M. (2000), "Multiple regimes in human capital accumulation", International Journal of Manpower, Vol. 21 No. 3/4, pp. 246-263. https://doi.org/10.1108/01437720010336076