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their chances of attending an elite graduate school, and triples their chances of working at a prestigious firm. Ivy …
Persistent link: https://www.econbiz.de/10014322879
We analyze a model of political competition in which the elite forms endogenously to aggregate information and advise … biased toward the elites, but might still prefer the biased candidate if the elite's endorsement provides sufficient … information about her competence. The elite size and the degree of information aggregation by the elite depend on the extent to …
Persistent link: https://www.econbiz.de/10014322896
Many social commentators have raised concerns over the possibility that increased sorting in a society can lead to greater inequality. To investigate this we construct a dynamic model of intergenerational education acquisition, fertility, and marital sorting and parameterize the steady state to...
Persistent link: https://www.econbiz.de/10012471268
Previous research has shown that norms around the role of women in society could help explain the gender gap in mathematics, and that these norms could be transmitted within the family. Using data from the Florida Department of Education combined with birth certificates we uncover important...
Persistent link: https://www.econbiz.de/10012482544
Cohabitation became an acceptable living arrangement for all groups, but cohabitation serves different functions among different groups. The poor and less educated are much more likely to rear children in cohabitating relationships. The college educated typically cohabit before marriage, but...
Persistent link: https://www.econbiz.de/10012459248
Why does inequality vary across societies? We advance the hypothesis that in a market economy, where earning differentials reflect variations in productive traits, a significant component of the differences in income inequality across societies can be attributed to variation in societal...
Persistent link: https://www.econbiz.de/10014337813
We show that intergenerational mobility changed rapidly by race and class in recent decades and use these trends to study the causal mechanisms underlying changes in economic mobility. For white children in the U.S. born between 1978 and 1992, earnings increased for children from high-income...
Persistent link: https://www.econbiz.de/10014635660
inequality (or surplus) that could have been extracted by the elite. The results, especially when compared with modern poor …
Persistent link: https://www.econbiz.de/10010521497
I demonstrate that although socioeconomic differences in birth weight have always been" fairly small in the United States, they have narrowed since the beginning of this century. I argue" that maternal height, and therefore the mother's nutritional status during her growing years accounted for...
Persistent link: https://www.econbiz.de/10012471643
We study whether banks are riskier if managers have less liability. We focus on New England between 1867 and 1880 and consider the introduction of marital property laws that limited liability for newly wedded bankers. We find that banks with managers who married after a legal change had more...
Persistent link: https://www.econbiz.de/10012480651