ASPIRATIONS, SEGREGATION, AND OCCUPATIONAL CHOICE

被引:37
作者
Mookherjee, Dilip [1 ]
Napel, Stefan [2 ]
Ray, Debraj [3 ]
机构
[1] Boston Univ, Boston, MA 02215 USA
[2] Univ Bayreuth, D-95440 Bayreuth, Germany
[3] NYU, New York, NY 10003 USA
关键词
INEQUALITY; STRATIFICATION; ECONOMICS; MOBILITY; IDENTITY;
D O I
10.1162/jeea.2010.8.1.139
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper examines the steady states of an overlapping generations economy with a given distribution of household locations over a one-dimensional interval. Parents decide whether or not to educate their children. Educational decisions are affected by location: There are local complementarities in investment incentives stemming from aspirations formation, learning spillovers, or local public goods. At the same time, economy-wide wages endogenously adjust to bring factor supplies into line with demand. The model therefore combines local social interaction with global market interaction. The paper studies steady-state configurations of skill acquisition, both with and without segregation. The model is used to compare macroeconomic and welfare properties of segregated and unsegregated steady states. (JEL: D31, O15, D85)
引用
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页码:139 / 168
页数:30
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