Nonlinear Neighborhood Interactions and Intergenerational Transmission of Human Capital.

Ioannides, Yannis Menelaos.

2000

Description
  • The paper develops a model of the intergenerational transmission of human capital that reflects both individual choice and neighborhood interactions. It implies a law of motion for human capital that under certain conditions exhibits multiple equilibria that differ in terms of stability. As a result, the distribution of human capital across the population in the long run may not collapse into a si... read more
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  • Ioannides, Yannis M. "Nonlinear Neighborhood Interactions and Intergenerational Transmission of Human Capital." In Essays in Economic Theory, Growth and Labour Markets: A Festschrift in Honor of Emmanuel Drandakis, edited by George Bitros and Yannis Katsoulakos, 75-112. Cheltenham, UK: Edward Elgar, 2002.
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gm80j6554
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