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Inequality, Human Capital and Marital Patterns
Social Sciences
Human capital has played a key role in the evolution of inequality over the recent decades. This lecture will first present some facts about inequality in general, then discuss endogenous human capital formation and its role on the labour and marriage markets. Chiappori argues that an 'inequality spiral' is generated as educated people tend to marry their own and invest more into their children, increasing assortative matching among their offspring and resulting in more inequality for the next generation.