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This paper studies how exclusive social groups shape upward mobility, and whether interactions between low- and high-status peers can integrate the top rungs of the economic and social ladder. Our setting is Harvard in the 1920s and 1930s, where new groups of students arriving on campus...
Persistent link: https://www.econbiz.de/10012496137
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A growing body of empirical work shows that social recognition of individuals' behavior can meaningfully influence individuals' choices. This paper studies whether social recognition is a socially efficient lever for influencing individuals' choices. Because social recognition generates utility...
Persistent link: https://www.econbiz.de/10012479589
Using nationally representative data on consumption, we show that Blacks and Hispanics devote larger shares of their expenditure bundles to visible goods (clothing, jewelry, and cars) than do comparable Whites. We demonstrate that these differences exist among virtually all sub-populations, that...
Persistent link: https://www.econbiz.de/10012465258
compete on prestige, measured using relative selectivity or relative admit rates. A key comparative static of the model is … that higher demand decreases [increases] the admit rate when the weight on prestige is above [below] a critical value … data of declining admit rates at elite colleges while counter-factual simulations without prestige fail. Prestige …
Persistent link: https://www.econbiz.de/10012629529
We construct a model of simultaneous change and persistence in institutions. The model consists of landowning elites and workers, and the key economic decision concerns the form of economic institutions regulating the transaction of labor (e.g., competitive markets versus labor repression). The...
Persistent link: https://www.econbiz.de/10012466560
Leadership positions in the U.S. are disproportionately held by graduates of a few highly selective private colleges. Could such colleges -- which currently have many more students from high-income families than low-income families -- increase the socioeconomic diversity of America's leaders by...
Persistent link: https://www.econbiz.de/10014322879
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Despite the significant research on aggregate trends in mortality and physical stature in the middle of the nineteenth century, little evidence on the individual-level characteristics associated with premature mortality has been presented. This essay describes a new project that links...
Persistent link: https://www.econbiz.de/10012470314
The link between circumstances faced by individuals early in life (including those encountered in utero) and later life outcomes has been of increasing interest since the work of Barker in the 1970s on birth weight and adult disease. We provide such a life course perspective for the U.S. by...
Persistent link: https://www.econbiz.de/10012461642