Intergenerational talent transmission, inequality, and social mobility
The paper investigates the effects of intra-family talent transmission when human capital exhibits indivisibilities and parental financing of education involves borrowing constraints. Positive talent correlation reduces social mobility but steady state inequality and macroeconomic history-dependence are not affected.
|Date of creation:||Oct 2006|
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"Economic Underdevelopment: The Case Of A Missing Market For Human Capital,"
90-20, Wisconsin Madison - Social Systems.
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- Jäntti, Markus & Bratsberg, Bernt & Røed, Knut & Raaum, Oddbjørn & Naylor, Robin & Österbacka, Eva & Björklund, Anders & Eriksson, Tor, 2006.
"American Exceptionalism in a New Light: A Comparison of Intergenerational Earnings Mobility in the Nordic Countries, the United Kingdom and the United States,"
IZA Discussion Papers
1938, Institute for the Study of Labor (IZA).
- JÃ¤ntti, Markus & Bratsberg, Bernt & RÃ¸ed, Knut & Raaum, OddbjÃ¸rn & Naylor, Robin & Ã–sterbacka, Eva & BjÃ¸rklund, Anders & Eriksson, Tor, 2005. "American exceptionalism in a new light: a comparison of intergenerational earnings mobility in the Nordic countries, the United Kingdom and the United States," Memorandum 34/2005, Oslo University, Department of Economics.
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- Dilip Mokherjee & Stefan Napel, 2006.
"Intergenerational Mobility and Macroeconomic History Dependence,"
1, Aboa Centre for Economics.
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Boston University - Department of Economics - The Institute for Economic Development Working Papers Series
dp-108, Boston University - Department of Economics, revised Oct 2002.
- Maoz, Yishay D & Moav, Omer, 1999. "Intergenerational Mobility and the Process of Development," Economic Journal, Royal Economic Society, vol. 109(458), pages 677-697, October.
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51644, University Library of Munich, Germany, revised 01 Sep 1989.
- Peter Arcidiacono, 2005. "Affirmative Action in Higher Education: How Do Admission and Financial Aid Rules Affect Future Earnings?," Econometrica, Econometric Society, vol. 73(5), pages 1477-1524, 09.
- Couch, K.A. & Morand, O.F., 2005. "Inequality, mobility, and the transmission of ability," Journal of Macroeconomics, Elsevier, vol. 27(2), pages 365-377, June.
- Jimmy Chan & Erik Eyster, 2003. "Does Banning Affirmative Action Lower College Student Quality?," American Economic Review, American Economic Association, vol. 93(3), pages 858-872, June.
- Freeman, Scott, 1996. "Equilibrium Income Inequality among Identical Agents," Journal of Political Economy, University of Chicago Press, vol. 104(5), pages 1047-1064, October.
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