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Human capital accumulation, growth and equality with imperfect capital markets


The goal of this research is twofold. First, I want to test against evidence from cross country data the validity of recent research that argues that intergenerational redistribution, such as public debt and social security can remove inefficiencies in human capital accumulation, following the unavailability of education loans, and therefore foster growth. Second, I plan to explore, from a theoretical point of view, the relation between income distribution, human capital accumulation and growth which arise as a consequence of the fact that a market for education loans does not exist. In particular, I will try to characterize poverty traps as situations where the unequal distribution of human capital across the population, together with its paucity, gives rise to low returns from investment in education, which, in turn, translate into persistent inequality and poverty.

Funding Scheme

RGI - Research grants (individual fellowships)


25-27,Ramon Trias Fargas 25-27
08005 Barcelona

Participants (1)

Not available