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Risk-Aversion and Social Mobility: The Impossibility of Order-Preserving Income Redistributions

Danziger, Leif; Ursprung, Heinrich - CESifo - 2000

The traditional criticism notwithstanding, we show that social mobility can, in principle, explain political income redistributions. Nonetheless, the social-mobility argument for redistribution is not satisfactory, as actual transition probabilities are not consistent with order-preserving...

Persistent link: https://www.econbiz.de/10005181436

Redistribution or Education? The Political Economy of the Social Race

Bernasconi, Michele; Profeta, Paola - CESifo - 2007

In an overlapping generations model with two social classes, rich and poor, parents of the different social classes vote on two issues: redistributive policies for them and education investment for their children. Public education is the engine for growth through its effect on human capital; but...

Persistent link: https://www.econbiz.de/10005181624

The Role of Higher Education Institutions: Recruitment of Elites and Economic Growth

Brezis, Elise S.; Crouzet, François - CESifo - 2004

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...

Persistent link: https://www.econbiz.de/10005406159

The Evolution of Public Spending on Higher Education in a Democracy

Haupt, Alexander - CESifo - 2005

This paper analyses political forces that cause an initial expansion of public spending on higher education and an ensuing decline in subsidies. Growing public expenditures increase the future size of the higher income class and thus boost future demand for education. This demand shift implies...

Persistent link: https://www.econbiz.de/10005406330

Human Capital, Social Mobility and the Skill Premium

Angelopoulos, Konstantinos; Malley, Jim; … - CESifo - 2013

This paper develops a dynamic general equilibrium model to highlight the role of human capital accumulation of agents differentiated by skill type in the joint determination of social mobility and the skill premium. We first show that our model captures the empirical co-movement of the skill...

Persistent link: https://www.econbiz.de/10010693467

Collective Choice and Individual Action: Education Policy and Social Mobility in England

Jennings, Colin - CESifo - 2015

It is recognised that expressive preferences may play a major role in determining voting decisions because the low probability of being decisive in elections undermines standard instrumental reasoning. Expressive and instrumental preferences may deviate and in electoral settings it is more...

Persistent link: https://www.econbiz.de/10011122682

Social Norms, Cognitive Dissonance and the Timing of Marriage

Balestrino, Alessandro; Ciardi, Cinzia - CESifo - 2007

We present a model of courtship in which the timing of marriage is affected by the cognitive dissonance between … perceived norms and personal aims. We argue that as long as the family has been the main provider of social protection, marriage …: the raising age of marriage, the prevalence of assortative mating and the common occurrence of divorce in the early years …

Persistent link: https://www.econbiz.de/10005765772

An Equilibrium Analysis of Marriage, Divorce and Risk-Sharing

Anderberg, Dan - CESifo - 2001

risk sharing is one benefit to marriage it is also limited by divorce risk. With search in the marriage market there may be … multiple equilibria diering not only in divorce rates but also in the role of marriage in providing informal insurance …

Persistent link: https://www.econbiz.de/10005765793

Marriage and Consumption Insurance: What’s Love Got to do With It?

Hess, Gregory D. - CESifo - 2001

This paper explores the role of marriage when markets are incomplete so that individuals cannot diversify their … love. Is love more important to a lasting marriage than economic compatibility? To answer this question, I develop a simple … model where rational individuals meet, enjoy the economic and non-pecuniary benefits of marriage (i.e. love), and then must …

Persistent link: https://www.econbiz.de/10005766058

On the Causes and Consequences of Divorce

Balestrino, Alessandro; Ciardi, Cinzia; Mammini, Claudio - CESifo - 2008

suitable alternatives, the taboo was no longer expedient, and was dropped. For the same reasons, marriage has become less …

Persistent link: https://www.econbiz.de/10005766085