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Opportunity and inequality across generations

Koeniger, Winfried; Zanella, Carlo - 2020

We analyze inequality and mobility across generations in a dynastic economy. Nurture, in terms of bequests and the schooling investment into the next generation, is observable but the draw of nature in terms of ability is hidden, stochastic and persistent across generations. We calibrate the...

Persistent link: https://www.econbiz.de/10012166025

Socio-economic gaps in university enrollment : the role of perceived pecuniary and non-pecuniary returns

Boneva, Teodora; Rauh, Christopher - 2017

To understand the socio-economic enrollment gap in university attendance, we elicit students’ beliefs about the benefits of university education in a sample of 2,540 secondary school students. Our choice model estimates reveal that perceived non-pecuniary benefits explain a large share of the...

Persistent link: https://www.econbiz.de/10011757767

Incentives and creativity in groups

Ramm, Joachim; Tjøtta, Sigve; Torsvik, Gaute - 2013

It has been argued that monetary incentives restrain individual creativity and hamper performance in jobs requiring out of the box thinking. This paper reports from an experiment designed to test if the negative incentive effect is present also when individuals work together to solve such...

Persistent link: https://www.econbiz.de/10009786022

Child labor and resistance to change

Bellettini, Giorgio; Berti Ceroni, Carlotta; Ottaviano, … - 2003

We study the interactions between technological innovation, investment in human capital and child labor. In our setting … firms decide on innovation, then households decide on education. In equilibrium the presence of inefficient child labor … on child labor are welfare reducing, while a subsidy to innovation is the right tool to eliminate child labor and …

Persistent link: https://www.econbiz.de/10011591883

Education in a marriage market model without commitment

Hyee, Raphaela - 2011

This paper develops a model that combines intra-household bargaining with competition on the marriage market to analyse women's and men's incentives to invest in education. Once married, spouses bargain over their share of total household income. They have the option of unilateral divorce and...

Persistent link: https://www.econbiz.de/10009310256

Optimal student loans and graduate tax under moral hazard and adverse selection

Gary-Bobo, Robert; Trannoy, Alain - 2013

We completely characterize the set of second-best optimal "menus" of student-loan contracts in a simple economy with risky labour-market outcomes, adverse selection, moral hazard and risk aversion. The model combines structured student loans and an elementary optimal income-tax problem à la...

Persistent link: https://www.econbiz.de/10009754597

Do marriage markets influence the divorce hazard?

Hyee, Raphaela - 2011

This paper demonstrates that a woman's propensity to separate from her husband or live-in partner depends positively on male wage inequality on her local marriage market - the more heterogeneous potential future mates are in terms of earnings power, the more likely a woman is to end her...

Persistent link: https://www.econbiz.de/10009385407

Dynastic human capital, inequality and intergenerational mobility

Adermon, Adrian; Lindahl, Mikael; Palme, Mårten - 2019

We study the importance of the extended family - the dynasty - for the persistence in inequality across generations. We use data including the entire Swedish population, linking four generations. This data structure enables us to identify parents' siblings and cousins, their spouses, and the...

Persistent link: https://www.econbiz.de/10012001644

Insurance, redistribution, and the inequality of lifetime income

Haan, Peter; Kemptner, Daniel; Prowse, Victoria; … - 2023

Individuals vary considerably in how much they earn during their lifetimes. This study examines the role of the tax-and-transfer system in mitigating such inequalities, which could otherwise lead to disparities in living standards. Utilizing a life-cycle model, we determine that taxes and...

Persistent link: https://www.econbiz.de/10014419242

Growth and the geography of knowledge

Aloi, Marta; Poyago-Theotoky, Joanna; Tournemaine, … - 2018

We analyse how spatial disparities in innovation activities, coupled with migration costs, affect economic geography … endogenous emergence of industry clusters. Spatial variations in knowledge spillovers lead to spatial concentration of more …. Narrowing the gap in knowledge spillovers across regions raises growth, and reduces regional inequality by making firms more …

Persistent link: https://www.econbiz.de/10011810111

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