Occupational mobility and wealth evolution in a model of educational investment with credit market imperfections
Author
Abstract
Suggested Citation
DOI: 10.1007/s10888-013-9244-9
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Oded Galor & Omer Moav, 2004.
"From Physical to Human Capital Accumulation: Inequality and the Process of Development,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 71(4), pages 1001-1026.
- Oded Galor & Omer Moav, 1999. "From Physical to Human Capital Accumulation: Inequality in the Process of Development," Working Papers 99-27, Brown University, Department of Economics.
- Oded Galor & Omer Moav, 2004. "From Physical to Human Capital Accumulation: Inequality and the Process of Development," GE, Growth, Math methods 0410005, University Library of Munich, Germany.
- Galor, Oded & Moav, Omer, 1999. "From Physical to Human Capital Accumulation: Inequality in the Process of Development," CEPR Discussion Papers 2307, C.E.P.R. Discussion Papers.
- Galor, Oded & Tsiddon, Daniel, 1997.
"Technological Progress, Mobility, and Economic Growth,"
American Economic Review, American Economic Association, vol. 87(3), pages 363-382, June.
- Galor, Oded & Tsiddon, Daniel, 1996. "Technological Progress, Mobility, and Economic Growth," CEPR Discussion Papers 1413, C.E.P.R. Discussion Papers.
- Oded Galor & Daniel Tsiddon, 1996. "Technological Progress, Mobility, and Economic Growth," Working Papers 1996-31, Brown University, Department of Economics.
- Galor, O. & Tsiddon, D., 1996. "Technological Progress, Mobility and Economic Growth," Papers 13-96, Tel Aviv.
- Galor, Oded & Tsiddon, Daniel, 1996. "Technological Progress, Mobility and Economic Growth," Foerder Institute for Economic Research Working Papers 275616, Tel-Aviv University > Foerder Institute for Economic Research.
- Helmuth Cremer & ) & Pierre Pestieau, 2003.
"Wealth Transfer Taxation: A Survey,"
Public Economics
0311003, University Library of Munich, Germany.
- Helmuth Cremer & ) & Pierre Pestieau, 2004. "Wealth Trasfer Taxation: A Survey," Public Economics 0401004, University Library of Munich, Germany.
- Helmuth Cremer & Pierre Pestieau, 2003. "Wealth Transfer Taxation: A Survey," Economics Working Paper Archive wp_394, Levy Economics Institute.
- Helmuth Cremer & Pierre Pestieau, 2003. "Wealth transfer taxation: a survey," DELTA Working Papers 2003-20, DELTA (Ecole normale supérieure).
- Helmuth Cremer & Pierre Pestieau, 2003. "Wealth Transfer Taxation: A Survey," CESifo Working Paper Series 1061, CESifo.
- Mookherjee, Dilip & Napel, Stefan, 2007.
"Intergenerational mobility and macroeconomic history dependence,"
Journal of Economic Theory, Elsevier, vol. 137(1), pages 49-78, November.
- Dilip Mokherjee & Stefan Napel, 2006. "Intergenerational Mobility and Macroeconomic History Dependence," Discussion Papers 1, Aboa Centre for Economics.
- Loury, Glenn C, 1981. "Intergenerational Transfers and the Distribution of Earnings," Econometrica, Econometric Society, vol. 49(4), pages 843-867, June.
- Banerjee, Abhijit V & Newman, Andrew F, 1993.
"Occupational Choice and the Process of Development,"
Journal of Political Economy, University of Chicago Press, vol. 101(2), pages 274-298, April.
- Abhijit V. Banerjee & Andrew F. Newman, 1990. "Occupational Choice and the Process of Development," Discussion Papers 911, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Philippe Aghion & Patrick Bolton, 1997. "A Theory of Trickle-Down Growth and Development," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 64(2), pages 151-172.
- Oded Galor & Omer Moav, 2006.
"Das Human-Kapital: A Theory of the Demise of the Class Structure,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 73(1), pages 85-117.
- Oded Galor & Omer Moav, 2004. "Das Human Kapital: A Theory of the Demise of the Class Structure," GE, Growth, Math methods 0410003, University Library of Munich, Germany.
- Oded Galor & Omer Moav, 2005. "Das Human-Kapital: A Theory of the Demise of the Class Structure," Working Papers 2005-14, Brown University, Department of Economics.
- Oded Galor & Omer Moav & Dietrich Vollrath, 2009.
"Inequality in Landownership, the Emergence of Human-Capital Promoting Institutions, and the Great Divergence,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 76(1), pages 143-179.
- Oded Galor & Omer Moav & Dietrich Vollrath, 2005. "Inequality in Landownership, the Emergence of Human-Capital Promoting Institutions, and the Great Divergence," Working Papers 2005-03, Brown University, Department of Economics.
- Oded Galor & Omer Moav & Dietrich Vollrath, 2006. "Inequality in Land Ownership, the Emergence of Human Capital Promoting Institutions, and Great Divergence," Working Papers 2006-14, Brown University, Department of Economics.
- Galor, Oded & Moav, Omer & Vollrath, Dietrich, 2008. "Inequality in Land Ownership, the Emergence of Human Capital Promoting Institutions and the Great Divergence," CEPR Discussion Papers 6751, C.E.P.R. Discussion Papers.
- Oded Galor & Omar Moav & Dietrich Vollrath, 2006. "Inequality in Land Ownership, the Emergence of Human Capital Promoting Institutions, and the Great Divergence," DEGIT Conference Papers c011_001, DEGIT, Dynamics, Economic Growth, and International Trade.
- Oded Galor & Joseph Zeira, 1993.
"Income Distribution and Macroeconomics,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 60(1), pages 35-52.
- Galor, Oded & Zeira, Joseph, 1988. "Income Distribution and Macroeconomics," MPRA Paper 51644, University Library of Munich, Germany, revised 01 Sep 1989.
- Oded Galor & Joseph Zeira, 2013. "Income Distribution and Macroeconomics," Working Papers 2013-12, Brown University, Department of Economics.
- Thomas Piketty, 1997. "The Dynamics of the Wealth Distribution and the Interest Rate with Credit Rationing," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 64(2), pages 173-189.
- Kiminori Matsuyama, 2011. "Imperfect Credit Markets, Household Wealth Distribution, and Development," Annual Review of Economics, Annual Reviews, vol. 3(1), pages 339-362, September.
- Becker, Gary S & Tomes, Nigel, 1979. "An Equilibrium Theory of the Distribution of Income and Intergenerational Mobility," Journal of Political Economy, University of Chicago Press, vol. 87(6), pages 1153-1189, December.
- B. Douglas Bernheim & Debraj Ray, 1987. "Economic Growth with Intergenerational Altruism," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 54(2), pages 227-243.
- Barrett , Christopher B & Carter , Michael R & Ikegami , Munenobu, 2008. "Poverty traps and social protection," Social Protection Discussion Papers and Notes 42752, The World Bank.
- Raquel Fernández & Jordi Gali, 1999. "To Each According to …? Markets, Tournaments, and the Matching Problem with Borrowing Constraints," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 66(4), pages 799-824.
- Piketty, Thomas, 2000. "Theories of persistent inequality and intergenerational mobility," Handbook of Income Distribution, in: A.B. Atkinson & F. Bourguignon (ed.), Handbook of Income Distribution, edition 1, volume 1, chapter 8, pages 429-476, Elsevier.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Marcello D'Amato & Christian Di Pietro & Marco M. Sorge, 2023. "Left and Right: A Tale of Two Tails of the Wealth Distribution," CSEF Working Papers 691, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- IOVINO, Giorgia, 2017. "The Mezzogiorno Problem to be. Territorial Implications of the Reform of Tertiary Education in Italy," CELPE Discussion Papers 147, CELPE - CEnter for Labor and Political Economics, University of Salerno, Italy.
- Christian Pietro & Marco M. Sorge, 2018. "Stochastic dominance and thick-tailed wealth distributions," Journal of Economics, Springer, vol. 123(2), pages 141-159, March.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Asli Demirgüç-Kunt & Ross Levine, 2009.
"Finance and Inequality: Theory and Evidence,"
Annual Review of Financial Economics, Annual Reviews, vol. 1(1), pages 287-318, November.
- Asli Demirguc-Kunt & Ross Levine, 2009. "Finance and Inequality: Theory and Evidence," NBER Working Papers 15275, National Bureau of Economic Research, Inc.
- Demirguc-Kunt, Asli & Levine, Ross, 2009. "Finance and inequality : theory and evidence," Policy Research Working Paper Series 4967, The World Bank.
- Marcello D'Amato & Christian Di Pietro, 2011. "Occupational Mobility and Wealth Evolution in a Simple Model of Educational Investment with Credit Market Imperfections," CSEF Working Papers 300, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- Oded Galor, 2009. "Inequality and Economic Development: An Overview," Working Papers 2009-3, Brown University, Department of Economics.
- Oded, Galor, 2011.
"Inequality, Human Capital Formation, and the Process of Development,"
Handbook of the Economics of Education, in: Erik Hanushek & Stephen Machin & Ludger Woessmann (ed.), Handbook of the Economics of Education, edition 1, volume 4, chapter 0, pages 441-493,
Elsevier.
- Oded Galor, 2011. "Inequality, Human Capital Formation and the Process of Development," Working Papers 2011-7, Brown University, Department of Economics.
- Galor, Oded, 2012. "Inequality, Human Capital Formation and the Process of Development," IZA Discussion Papers 6328, Institute of Labor Economics (IZA).
- Oded Galor, 2011. "Inequality, Human Capital Formation and the Process of Development," NBER Working Papers 17058, National Bureau of Economic Research, Inc.
- Falilou Fall, 2005.
"Endogenous persistent inequality,"
Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers)
halshs-00196084, HAL.
- Falilou Fall, 2005. "Endogenous persistent inequality," Cahiers de la Maison des Sciences Economiques v05059, Université Panthéon-Sorbonne (Paris 1).
- Falilou Fall, 2005. "Endogenous persistent inequality," Post-Print halshs-00196084, HAL.
- FALL, Falilou, 2005. "Endogenous persistent inequality," LIDAM Discussion Papers CORE 2005094, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- C. Fan & Jie Zhang, 2013. "Differential fertility and intergenerational mobility under private versus public education," Journal of Population Economics, Springer;European Society for Population Economics, vol. 26(3), pages 907-941, July.
- Manuel Oechslin, 2009.
"Creditor protection and the dynamics of the distribution in oligarchic societies,"
Journal of Economic Growth, Springer, vol. 14(4), pages 313-344, December.
- Manuel Oechslin, 2006. "Creditor Protection and the Dynamics of the Distribution in Oligarchic Societies," DEGIT Conference Papers c011_052, DEGIT, Dynamics, Economic Growth, and International Trade.
- Manuel Oechslin, 2006. "Creditor Protection and the Dynamics of the Distribution in Oligarchic Societies," IEW - Working Papers 264, Institute for Empirical Research in Economics - University of Zurich.
- Demirguc-Kunt, Asli & Levine, Ross, 2008. "Finance and economic opportunity," Policy Research Working Paper Series 4468, The World Bank.
- Andrea, Canidio, 2009. "The determinants of long-run inequality," MPRA Paper 25137, University Library of Munich, Germany.
- Marrero, Gustavo A. & Rodríguez, Juan G., 2013.
"Inequality of opportunity and growth,"
Journal of Development Economics, Elsevier, vol. 104(C), pages 107-122.
- Gustavo A. Marrero & Juan G. Rodríguez, 2009. "Inequality of Opportunity and Growth," Working Papers 2009-24, FEDEA.
- Gustavo A. Marrero & Juan G. Rodríguez, 2010. "Inequality of opportunity and growth," Working Papers 154, ECINEQ, Society for the Study of Economic Inequality.
- Vincenzo Lombardo, 2008. "Income distribution and Growth: A Critical Survey," Working Papers 11_2008, D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy.
- Christophe Ehrhart, 2009. "The effects of inequality on growth: a survey of the theoretical and empirical literature," Working Papers 107, ECINEQ, Society for the Study of Economic Inequality.
- Hidalgo Cabrillana, Ana, 2009. "Endogenous capital market imperfections, human capital, and intergenerational mobility," Journal of Development Economics, Elsevier, vol. 90(2), pages 285-298, November.
- Benabou, Roland, 2005.
"Inequality, Technology and the Social Contract,"
Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 25, pages 1595-1638,
Elsevier.
- Roland Benabou, 2003. "Inequality, Technology, and the Social Contract," Working Papers 141, Princeton University, School of Public and International Affairs, Discussion Papers in Economics.
- Benabou, Roland, 2004. "Inequality, Technology, and the Social Contract," Papers 08-15-2005b, Princeton University, Research Program in Political Economy.
- Bénabou, Roland, 2004. "Inequality, Technology and the Social Contract," CEPR Discussion Papers 4741, C.E.P.R. Discussion Papers.
- Roland Benabou, 2004. "Inequality, Technology, and the Social Contract," NBER Working Papers 10371, National Bureau of Economic Research, Inc.
- Falkinger, Josef & Grossmann, Volker, 2013. "Oligarchic land ownership, entrepreneurship, and economic development," Journal of Development Economics, Elsevier, vol. 101(C), pages 206-215.
- Guido Neidhöfer, 2019.
"Intergenerational mobility and the rise and fall of inequality: Lessons from Latin America,"
The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 17(4), pages 499-520, December.
- Neidhöfer, Guido, 2016. "Intergenerational mobility and the rise and fall of inequality: Lessons from Latin America," Discussion Papers 2016/3, Free University Berlin, School of Business & Economics.
- Neidhöfer, Guido, 2018. "Intergenerational mobility and the rise and fall of inequality: Lessons from Latin America," ZEW Discussion Papers 18-049, ZEW - Leibniz Centre for European Economic Research.
- Guido Neidhöfer, 2016. "Intergenerational Mobility and the Rise and Fall of Inequality: Lessons from Latin America," CEDLAS, Working Papers 0196, CEDLAS, Universidad Nacional de La Plata.
- Mookherjee, Dilip & Napel, Stefan, 2007.
"Intergenerational mobility and macroeconomic history dependence,"
Journal of Economic Theory, Elsevier, vol. 137(1), pages 49-78, November.
- Dilip Mokherjee & Stefan Napel, 2006. "Intergenerational Mobility and Macroeconomic History Dependence," Discussion Papers 1, Aboa Centre for Economics.
- Casey, Gregory P. & Owen, Ann L., 2014.
"Inequality and Fractionalization,"
World Development, Elsevier, vol. 56(C), pages 32-50.
- Casey, Gregory P. & Owen, Ann L., 2010. "Inequality and fractionalization," MPRA Paper 25493, University Library of Munich, Germany.
- Nakajima, Tetsuya & Nakamura, Hideki, 2009. "The price of education and inequality," Economics Letters, Elsevier, vol. 105(2), pages 183-185, November.
- Mookherjee, Dilip & Napel, Stefan, 2021. "Welfare rationales for conditionality of cash transfers," Journal of Development Economics, Elsevier, vol. 151(C).
More about this item
Keywords
Heterogeneous ability; Credit market imperfections; Educational investment; Occupational choice; Intergenerational mobility; Income and wealth inequality; D31; D91; I21; J24; O15;All these keywords.
JEL classification:
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
- I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:jecinq:v:12:y:2014:i:1:p:73-98. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.