On High-Skill and Low-Skill Equilibria: a Markov Chain Approach

Andrea Mario Lavezzi, Andrea Mario Lavezzi

Risultato della ricerca: Articlepeer review

1 Citazioni (Scopus)

Abstract

In this paper we propose to study the dynamics of human capital accumulation by means of a Markov chain. We identify the conditions for the emergence of ergodic and nonergodic dynamics,and relate them to various characteristics of an economic system. The model may generate high-skill and low-skill equilibria as well as intermediate situations. Policy implications are also discussed.
Lingua originaleEnglish
pagine (da-a)121-157
RivistaMetroeconomica
Volume57
Stato di pubblicazionePublished - 2006

All Science Journal Classification (ASJC) codes

  • ???subjectarea.asjc.2000.2002???

Fingerprint

Entra nei temi di ricerca di 'On High-Skill and Low-Skill Equilibria: a Markov Chain Approach'. Insieme formano una fingerprint unica.

Cita questo