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Empirical evidence illustrates that diversity generates both economic costs and benefits. This paper develops a theoretical model that accounts for the positive and deleterious effects of heterogeneity. First, an expanded Solow Growth Model demonstrates that the direct effects of diversity can...
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Economic and social theorists have modeled race and ethnicity as a form of personal identity produced in recognition of … race and ethnicity is potentially endogenous because racial and ethnic identities are fluid. We look at the free African … race individuals then choose whether or not to adopt that mulatto identity. Adopting a mulatto identity generates pecuniary …
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Economic and social theorists have modeled race and ethnicity as a form of personal identity produced in recognition of … race and ethnicity is potentially endogenous because racial and ethnic identities are fluid. We look at the free African … race individuals then choose whether or not to adopt that mulatto identity. Adopting a mulatto identity generates pecuniary …
Persistent link: https://www.econbiz.de/10012468735
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, racial income disparities, and segregation. The use of race as a signal arises here, as in models of statistical … transactions, racial signaling can emerge with only minimal assumptions about the ex ante importance of race. In a search framework …
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