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elites is that meritocracy became the basis for their recruitment. Although meritocratic selection should result in the best … being chosen, we show that meritocratic recruitment actually leads to class stratification and auto-recruitment. We analyze … the consequences of stratification resulting from meritocratic selection for the development of a country, and show that …
Persistent link: https://www.econbiz.de/10005406159
In contexts such as education and sports, skill-accumulation of individuals over time crucially depends on the amount … of training they receive, which is often allocated on the basis of repeated selection. We analyze optimal selection … policies in a model of endogenous skill formation where, apart from their ability to transform training into skills …
Persistent link: https://www.econbiz.de/10010542014
This paper reviews empirical evidence, especially from Europe, on how education and training policies can be designed … education and schools over vocational and higher education to training and lifelong learning. The available evidence suggests … deliver best results. Designed this way, education and training systems can advance efficiency and equity at the same time. …
Persistent link: https://www.econbiz.de/10005094505
ability. We show that compulsory schooling can move a society from elite education to mass education, which then triggers …We propose an innovation-driven growth model in which education is determined by family background and cognitive …, compulsory education is implemented first and triggers the onset of market R&D. According to the British way, market R&D is …
Persistent link: https://www.econbiz.de/10013009852
The perpetual inventory method used for the construction of education data per country leads to systematic measurement … education level between census data and observations constructed from enrolment data. We discuss a methodology for correcting …
Persistent link: https://www.econbiz.de/10012774497
We construct an overlapping generations model for the small open economy whichincorporates a realistic description of the mortality process. Agents engage in educational activities at the start of life and thus create human capital to be used later on in life for production purposes. Depending...
Persistent link: https://www.econbiz.de/10005094204
This paper shows that the design of education policy involves a potential conflict between welfare and social mobility …. We consider a setting in which social mobility is maximized under the least elitist public education system, whereas … welfare maximization calls for the most elitist system. We show that when private education is available, the degree of …
Persistent link: https://www.econbiz.de/10013316250
I take advantage of a sharp discontinuity in the probability of admission to an elite university at the admission score … threshold, to estimate causal returns to college education quality. I use a newly constructed dataset, which combines individual …. Cumulated over fifteen years, the time span of income data for my sample, the net premium of attending the elite university …
Persistent link: https://www.econbiz.de/10012980577
This paper utilizes data on the presence of prominent individuals - that is, those with political (e.g., Members of Parliament) and aristocratic titles (e.g., lords) - on the boards of directors of English and Welsh banks from 1879-1909 to investigate whether the appointment of well-connected...
Persistent link: https://www.econbiz.de/10013030337
polarization of the electorate into changes in the distribution of voter ideal positions and consequences of elite polarization …
Persistent link: https://www.econbiz.de/10013109748