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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/10010261105
This paper develops a model in which the interaction of entrepreneurial investments and power of the owners of land or other natural resources determines structural change and economic development. A more equal distribution of natural resources promotes structural change and growth through two...
Persistent link: https://www.econbiz.de/10010261348
This paper shows that the design of education policy involves a potential conflict between welfare and social mobility … welfare maximization calls for the most elitist system. We show that when private education is available, the degree of … elitism that maximizes social mobility increases, while the welfare-maximizing degree of elitism decreases. The ranking …
Persistent link: https://www.econbiz.de/10010266092
We introduce a dynamic model that investigates the persistence and evolution of elite-dominated societies, where inherited political capital determines one’s social standing. Our analysis highlights the critical role of the distribution of exit options in the evolution of political...
Persistent link: https://www.econbiz.de/10014356609