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ralph lauren polo

Lin Zhang
''Substitutability in Human Capital Formation and Education Inequality''
( 2019, Vol. 39 No.1 )
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.
Keywords: Human capital, Education inequality, Heterogeneity, Substitutability
JEL: I2 - Education: General
Manuscript Received : Sep 03 2018 Manuscript Accepted : Jan 10 2019

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