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We extend the Lucas' 1988 model introducing two classes of agents with heterogeneous skills, discount factors and initial human capital endowments. We consider two regimes according to the planner's political constraints. In the first regime, that we call meritocracy, the planner faces...
Persistent link: https://www.econbiz.de/10011517740
This paper develops a model of crime analyzing how such behavior is associated with individual and neighborhood poverty …. The model shows that even under relatively minimal assumptions, a connection between individual poverty and both property … with the empirical evidence. -- Poverty ; crime ; neighborhood effects ; segregation ; instrumental variables ; public …
Persistent link: https://www.econbiz.de/10003902147
"This paper examines the welfare implications associated with different degrees of diversity or similarity between migrants and natives under both migration and trade. We use a general equilibrium model of migration, human capital and social capital and find that there are three equilibrium...
Persistent link: https://www.econbiz.de/10002239491
importance of neighbourhood stability. However, amongst the vast number of studies on the effect of neighbours on a child …'s education, none has tested whether neighbourhood stability matters. We fill this gap by estimating the causal effect of … residential turnover on student test score gains. We show that high neighbourhood turnover reduces value added for students who …
Persistent link: https://www.econbiz.de/10010393805
We analyse the extent of intergenerational transmission through parental capital, ethnic capital and neighbourhood …
Persistent link: https://www.econbiz.de/10011401362
Research on neighbourhood effects indicates that neighbourhood poverty is related to educational outcomes of youth … examine the timing and duration of exposure to poverty in neighbourhood and school contexts between ages 10 and 16, to predict … educational achievement of adolescents at age 16. Our results indicate that neighbourhood poverty impacts on educational …
Persistent link: https://www.econbiz.de/10012022696
The behavioral revolution within economics has been largely driven by psychological insights, with the sister sciences playing a lesser role. This study leverages insights from sociology to explore the role of neighborhoods on human capital formation at an early age. We do so by estimating the...
Persistent link: https://www.econbiz.de/10012389402
Do elite colleges help talented students join the social elite, or help incumbent elites retain their positions? We combine intergenerationally-linked data from Chile with a regression discontinuity design to show that, looking across generations, elite colleges do both. Lower-status individuals...
Persistent link: https://www.econbiz.de/10015052410
We study the self-employed decision and its relation to human and social capital. Human capital is necessary to acquire skills. Social capital dampens the effects of uncertainty about future income. Our data set consists of 1339 respondents from the same age group, who were interviewed three...
Persistent link: https://www.econbiz.de/10011401487
This paper takes a fresh look at child poverty at the neighbourhood level in the three metropolitan regions of Sweden …. Regression analysis shows that high neighbourhood poverty rates are mainly due to parents’ low employment and to low parental … education. -- Child poverty ; neighbourhood ; Sweden …
Persistent link: https://www.econbiz.de/10003958740