As spatial diversity of economic development is one of the main problems of modern economies, researchers have attempted to define the conditions and factors influencing this phenomenon. Among others, two intangible factors are suggested: human capital and social capital (Herbst ed. 2007). The...

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...