2026-04-17T23:30:59Zhttps://recercat.cat/oai/request

oai:recercat.cat:2445/1251862025-12-06T01:55:57Zcom_2072_1057col_2072_478809col_2072_478917

00925njm 22002777a 4500 dc Alonso Carrera, Jaime author Caballé, Jordi author Raurich, Xavier author 2018-10-09T11:15:56Z 2018-10-09T11:15:56Z 2012 2018-10-09T11:15:56Z In this paper, we characterize the relationship between the initial distribution of human capital and physical inheritances among individuals and the long-run distribution of these two variables. In a model with indivisible investment in education, we analyze how the initial distribution of income determines the posterior intergenerational mobility in human capital and the evolution of intragenerational income inequality. This analysis enables us in turn to characterize the effects of fiscal policy on future income distribution and mobility when the composition of intergenerational transfers is endogenous. To this end, we consider the following government interventions: a pay-as-you-go social security system, a tax on inheritance, a tax on capital income, a tax on labor income, and a subsidy on education investment. Altruïsme Recursos humans Relacions intergeneracionals Altruism Human capital Intergenerational relations Fiscal policy, composition of intergenerational transfers, and income distribution