Creat membership

Sign in

Forgot password?

Wechat
Email
Sign Up

Use Wechat scan code to follow the official account directly sign in

Sweep WeChat yards

Use Wechat scan code to follow the official account directly sign in

the Qr Code is useless
Refresh

Use Wechat scan code to follow the official account directly sign in

Waiting for the show Qr Code...
Forgot password?

Sign Up
Confirm

Agreement onAcademic agreement

Sign In

Creat membership

Creat membership

Sign in

Forgot password?

Wechat
Email
Sign Up

Use Wechat scan code to follow the official account directly sign in

Sweep WeChat yards

Use Wechat scan code to follow the official account directly sign in

the Qr Code is useless
Refresh

Use Wechat scan code to follow the official account directly sign in

Waiting for the show Qr Code...
Forgot password?

Sign Up
Confirm

Agreement onAcademic agreement

Sign In

Collection

For ￥0.57 per day, unlimited downloads CREATE MEMBERSHIP Download

toTop

If you have any feedback, Please follow the official account to submit feedback.

Turn on your phone and scan

home > search >

Intergenerational earnings mobility, inequality and growth

Author:: Owen, AL Weil, DN
Journal:: JOURNAL OF MONETARY ECONOMICS
Issue Date:: 1998
Abstract(summary):: We examine a model in which per capita income, inequality, intergenerational mobility, and returns to education are all determined endogenously. Individuals earn wages depending on their ability, which is a random variable. They purchase an education with transfers received from their parents, and are subject to liquidity constraints. In the model, multiple steady-state equilibria are possible: countries with identical tastes and technologies can reach differing rates of mobility, inequality and per capita income. Equilibria with higher levels of output also have lower inequality, higher mobility, and more efficient distribution of education. (C) 1998 Elsevier Science B.V. All rights reserved.
Page:: 71---104

VIEW PDF

The preview is over

If you wish to continue, please create your membership or download this.

Create Membership

References

PSACHAROPOULOS, G. RETURNS TO EDUCATION - A FURTHER INTERNATIONAL UPDATE AND IMPLICATIONS[J]. JOURNAL OF HUMAN RESOURCES,1985:583---604.
BECKER, GS, TOMES, N. HUMAN-CAPITAL AND THE RISE AND FALL OF FAMILIES[J]. JOURNAL OF LABOR ECONOMICS,1986:S1---S39.
BECKER, GS, TOMES, N. EQUILIBRIUM-THEORY OF THE DISTRIBUTION OF INCOME AND INTERGENERATIONAL MOBILITY[J]. JOURNAL OF POLITICAL ECONOMY,1979:1153---1189.
LOURY, GC. INTERGENERATIONAL TRANSFERS AND THE DISTRIBUTION OF EARNINGS[J]. ECONOMETRICA,1981:843---867.
HOPENHAYN, HA, PRESCOTT, EC. STOCHASTIC MONOTONICITY AND STATIONARY DISTRIBUTIONS FOR DYNAMIC ECONOMIES[J]. ECONOMETRICA,1992:1387---1406.
BORJAS, GJ. null[J]. QUARTERLY JOURNAL OF ECONOMICS,1992:123---150.
BENABOU, R. WORKINGS OF A CITY - LOCATION, EDUCATION, AND PRODUCTION[J]. QUARTERLY JOURNAL OF ECONOMICS,1993:619---652.
GALOR, O, ZEIRA, J. INCOME-DISTRIBUTION AND MACROECONOMICS[J]. REVIEW OF ECONOMIC STUDIES,1993:35---52.
DURLAUF, SN. SPILLOVERS, STRATIFICATION, AND INEQUALITY[J]. EUROPEAN ECONOMIC REVIEW,1994:836---845.

Cited By

Driffill, J. Growth and finance[J]. MANCHESTER SCHOOL,2003:363---380.
Harms, P, Zink, S. Eating the rich vs. feeding the poor: borrowing constraints and the reluctance to redistribute[J]. PUBLIC CHOICE,2003:351---366.
Oyama, M. Income distribution and multiple equilibria[J]. HITOTSUBASHI JOURNAL OF ECONOMICS,2003:75---90.
Restuccia, D, Urrutia, C. Intergenerational persistence of earnings: The role of early and college education[J]. AMERICAN ECONOMIC REVIEW,2004:1354---1378.
Rigolini, J. Education technologies, wages and technological progress[J]. JOURNAL OF DEVELOPMENT ECONOMICS,2004:55---77.
Maffei, A, Raabe, N, Ursprung, HW. Political repression and child labour: Theory and empirical evidence[J]. WORLD ECONOMY,2006:211---239.
Miyazawa, Kazutoshi. Growth and inequality: a demographic explanation[J]. JOURNAL OF POPULATION ECONOMICS,2006:559---578.
Ben Mimoun, Mohamed, Raies, Asma. PUBLIC EDUCATION EXPENDITURES, HUMAN CAPITAL INVESTMENT AND INTERGENERATIONAL MOBILITY: A TWO-STAGE EDUCATION MODEL[J]. BULLETIN OF ECONOMIC RESEARCH,2010:31---57.
Boudreau, James W.. Stratification and growth in agent-based matching markets[J]. JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION,2010:168---179.
Bandyopadhyay, Debasis, Tang, Xueli. Parental nurturing and adverse effects of redistribution[J]. JOURNAL OF ECONOMIC GROWTH,2011:71---98.

Similar Literature

Submit Feedback

This function is a member function, members do not limit the number of downloads