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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

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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