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| Lin Zhang |
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| ''Substitutability in Human Capital Formation and Education Inequality'' |
| ( 2019, Vol. 39 No.1 ) |
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| This paper shows that substitutability in human capital formation could influence inequality in education. By incorporating a model of self-selection in education where individuals are heterogeneous in initial wealth and innate ability, we show that any increase in the substitutability of innate ability for initial wealth reduces educational inequality. |
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| Keywords: Human capital, Education inequality, Heterogeneity, Substitutability |
JEL: I2 - Education: General
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| Manuscript Received : Sep 03 2018 | | Manuscript Accepted : Jan 10 2019 |
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