The Role of Higher Education Institutions: Recruitment of Elites and Economic Growth
The aim of this paper is to examine the evolution of recruitment of elites and to investigate the nature of the links between recruitment of elites and economic growth. The main change that occurred in the way the Western world trained its elites is that meritocracy became the basis for their recruitment. Although meritocratic selection should result in the best being chosen, we show that meritocratic recruitment actually leads to class stratification and auto-recruitment. We analyze the consequences of stratification resulting from meritocratic selection for the development of a country, and show that these consequences are dependent upon the type of technological changes occurring in the country.
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- Galor, Oded & Tsiddon, Daniel, 1997.
"Technological Progress, Mobility, and Economic Growth,"
American Economic Review,
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- Temin, Peter, 1999. "The Stability of the American Business Elite," Industrial and Corporate Change, Oxford University Press, vol. 8(2), pages 189-209, June.
- Neal, Derek A & Johnson, William R, 1996. "The Role of Premarket Factors in Black-White Wage Differences," Journal of Political Economy, University of Chicago Press, vol. 104(5), pages 869-895, October.
- Derek A. Neal & William R. Johnson, 1995. "The Role of Pre-Market Factors in Black-White Wage Differences," NBER Working Papers 5124, National Bureau of Economic Research, Inc.
- Miller, William, 1949. "American Historians and the Business Elite," The Journal of Economic History, Cambridge University Press, vol. 9(02), pages 184-208, November. Full references (including those not matched with items on IDEAS)
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