Replication data for: Constrained Efficiency in a Human Capital Model

Yena Park
This paper investigates whether capital and human capital are over-accumulated in an incomplete market economy. As in Davila et al. (2012), whether capital is over-accumulated depends on how the pecuniary externalities affect insurance and redistribution. In a human capital economy, however, not only capital but also human capital generates externalities and an additional channel arises that has implications for the overaccumulation (under-accumulation) of capital (human capital). The income sources of the poor and the correlation...
This data repository is not currently reporting usage information. For information on how your repository can submit usage information, please see our documentation.