Suppose that there are two groups of people in the economy. In group j, individual i accumulates
human capital according to Hi=b(1u)[aHi+(1a)Hj]) where Hi is the individual i s human capital
in the future period, 0.
Suppose that there are two groups of people in the economy. In group .pdf
1. Suppose that there are two groups of people in the economy. In group j, individual i accumulates
human capital according to Hi=b(1u)[aHi+(1a)Hj]) where Hi is the individual i s human capital
in the future period, 0