A Model of Educational Investment, Social Concerns, and Inequality
| Autor: | Edoardo Grillo, Andrea Gallice |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2019 |
| Předmět: |
Economics and Econometrics
inequality Inequality media_common.quotation_subject Prestige education 05 social sciences Stigma (botany) Educational investment Education signaling social status Power (social and political) Economic inequality 0502 economics and business Economics Demographic economics 050207 economics Productivity 050205 econometrics media_common Social status |
| Popis: | We consider a model in which educational investments entail productivity gains, signaling power, and social status. The latter depends on the agent's relative achievement in one of three dimensions: innate skills, level of schooling, and income. We study the three scenarios separately and characterize the conditions under which social concerns increase or decrease educational and income inequality. Inequality increases (decreases) if education lowers the stigma suffered by low‐skilled workers less (more) than it boosts the prestige enjoyed by high‐skilled workers. We discuss the expected results of some policies in light of these findings. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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