Score contribution per author:
α: calibrated so average coauthorship-adjusted count equals average raw count
The paper offers a unified way to examine several puzzles on inequality dynamics. It focuses on differences in the education technology and their effects on income distributions. Our overlapping generations economy has the following features: (1) consumers are heterogenous with respect to ability and parental human capital; and (2) intergenerational transfers take place via parental direct investment in education and, public education financed by taxes (possibly, with a level determined by majority voting). We explore several variations in the production of human capital, some attributed to ‘home‐education’ and others related to ‘public‐education’, and indicate how various changes in education technologies affect the intragenerational income inequality along the equilibrium path.