Graziella Magalhães Candido de Castro
Doctorate – Essays on Endogenous Economic Growth and Inequality
Advisor: Prof. Dr. David Daniel Turchick Rubin
Comission: Profs. Drs. Mauro Rodrigues Junior, Octavio Augusto Fontes Tourinho and Luciano Nakabashi
Class: 217, FEA-5
This thesis is composed of two essays on endogenous economic growth with human capital accumulation and heterogeneous agents. In both essays, we study the relationship between economic growth and the dynamics of inequality. In the first paper, entitled “Private versus public education in a two-stage human capital model,” we study the long-term impacts of different educational regimes on growth and inequality using a two-stage human capital accumulation model. The importance of accounting for educational stages is to recognize the hierarchical nature of education and its dynamic implications in the long-run. At each educational stage, basic or advanced, funding may either be public or private. The second paper, entitled “The Lucas model under heterogeneous agents,” studies the pattern of distributional dynamics on an economic growth model with human capital accumulation. We explore the implicit properties of the dynamics of inequality in a simplified form of the Lucas (1988) model, in which agents differ in their initial endowments of human capital.
*Abstract provided by the author