The name is absent



The long-run distribution ofwealth, in each scenario, is represented in
...gure2.

W ith parameters which give rise to scenario I, a ncn-cμaii...ed workers
(dynasty remains in this category because it cannct accumulate suÆcient
wealth to aɔ ord education. T he Cescendarrts from a non-cu∣ali...ed workers
dοnctchancecccupaticn andconvercetothesteadystatewealth (bwnq)* =
1(2(1°)°w)i. G iven parameters which could give risetothatscenariQ (bw;nq)* =
0:69.°

(I)


(II)


(III)

Figure 2: longrun distribution ofwealth in each scenario.


(IV)


16




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