Risk and the distribution of human capital

被引:31
|
作者
Checchi, D
García-Peñalosa, C
机构
[1] GREQAM, F-13002 Marseille, France
[2] CNRS, Ctr Vieille Charite, F-13002 Marseille, France
[3] Univ Milan, Dept Econ, I-20124 Milan, Italy
关键词
human capital; inequality; macroeconomic volatility;
D O I
10.1016/S0165-1765(03)00224-6
中图分类号
F [经济];
学科分类号
02 ;
摘要
We developed a model in which aggregate production risk determines the average level of education and its distribution. Greater risk is associated with greater educational inequality and a lower average attainment. An empirical test using panel data supports this conclusion. (C) 2003 Elsevier B.V. All rights reserved.
引用
收藏
页码:53 / 61
页数:9
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