@article{Viaene:275715, recid = {275715}, author = {Viaene, Jean-Marie and Zilcha, Itzhak}, title = {Human Capital and Inequality Dynamics:The Role of Education Technology}, address = {2008-10}, number = {2123-2018-5067}, series = {11-08}, pages = {45}, year = {2008}, abstract = {The paper offers a united way to examine several puzzles on in- equality dynamics. It focuses on differences in the education tech- nology and their effects on income distributions. Our overlapping generations economy has the following features: (1) consumers are heterogenous with respect to ability and parental human capital; (2) intergenerational transfers take place via parental direct investment in education and, public education enhanced by taxes (possibly, with a level determined by majority voting). We explore several varia- tions in the production of human capital, some attributed to 'home- education' and others related to 'public-education', and indicate how various changes in education technologies affect the intragenerational income inequality along the equilibrium path.}, url = {http://ageconsearch.umn.edu/record/275715}, doi = {https://doi.org/10.22004/ag.econ.275715}, }