Human Capital Investment - Brown University

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local disparities in school funding, perhaps best publicized by Kozol (1991). In the last few years these ideas ..... h') = c + (c'+h')/(1 + r), or more generally education is a pure investment good: c' and h' enter additively, so that U/U ..... the inequality is reversed, and if n = 1/2 the ranking is ambiguous. 2. The same is true for theĀ ...

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