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We explore the dynamics of group inequality when segregation of social networks places the initially less affluent group at a disadvantage in acquiring human capital. Extending Loury (1977), we demonstrate that (i) group differences in economic success can persist across generations in the...
Persistent link: https://www.econbiz.de/10010287830
We explore the combined effect of segregation in social networks, peer effects, and the relative size of a historically disadvantaged group on the incentives to invest in market-rewarded skills and the dynamics of inequality between social groups. We identify conditions under which group...
Persistent link: https://www.econbiz.de/10010743374
We explore the dynamics of group inequality when segregation of social networks places the initially less affluent group at a disadvantage in acquiring human capital. Extending Loury (1977), we demonstrate that (i) group differences in economic success can persist across generations in the...
Persistent link: https://www.econbiz.de/10005342584
This paper explores conditions under which inequality across social groups can emerge from initially group-egalitarian distributions and persist across generations despite equality of eco- nomic opportunity. These conditions arise from interactions among three factors: the extent of segregation...
Persistent link: https://www.econbiz.de/10005163090
We explore the manner in which the structure of a social network constrains the level of inequality that can be sustained among its members, based on the following considerations: (i) any distribution of value must be stable with respect to coalitional deviations, and (ii) the network structure...
Persistent link: https://www.econbiz.de/10009249708
Persistent link: https://www.econbiz.de/10009290357
Persistent link: https://www.econbiz.de/10009273248
Persistent link: https://www.econbiz.de/10003752648
We explore the dynamics of group inequality when segregation of social networks places the initially less affluent group at a disadvantage in acquiring human capital. Extending Loury (1977), we demonstrate that (i) group differences in economic success can persist across generations in the...
Persistent link: https://www.econbiz.de/10003733995
Persistent link: https://www.econbiz.de/10011743091