    Sentence I: Inequality in the presence of  Sredit morket imperfections hat what kind  of effect on human copital formation?    Sentence 2: He showed that in accordance  with the credit.» qiarket imperfection  approach, inequality iéleteocioted with lower  level of human capital formation (education,  experience, and opprenticeship),ond higher  level of fertility, cnlafherebyp lowe levels of  growth