The Evolution of Income and Fertility Inequalities over the Course of Economic Development: A Human Capital Perspective
---- Acknowledgements ----
We are indebted to Chi-wa Yuen and Jianguo Zhong for collaboration on earlier related work, and to Omer Moav, Gary Becker, Kevin Murphy, Stephen Turnovsky, Matthias Doepke, and Francis Lui for comments on previous drafts. We are especially indebted to Thomas Muench for very helpful comments concerning dynamic stability issues in our heterogeneous agent system, and to Jong Kook Shin for valuable research assistance. We alone are responsible for errors. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.