Angelopoulos, Konstantinos; Malley, Jim; … - CESifo - 2013
differentiated by skill type in the joint determination of social mobility and the skill premium. We first show that our model … output in the U.S. data from 1970-2000. We next show that endogenous social mobility and human capital accumulation are key … are transmitted. In particular, social mobility creates additional incentives for the agents which enhance the beneficial …