منابع مشابه
IQ, Social Mobility and Growth
Intelligent agents may contribute to higher technological growth, if assigned appropriate positions in the economy. These positive e ects on growth are unlikely to be internalized on a competitive labor market. The allocation of talent depends on the relative award the market assigns to intelligence versus other individual merits, which will also in uence intergenerational social mobility. To i...
متن کاملIntelligence , Social Mobility and Growth ∗
The rate of technological growth is likely to be affected by the way in which the stock of human resources is allocated. This social sorting of individuals over occupations is (partly) a market outcome, affected by the relative return to intellectual ability such as intelligence and other individual merits. To analyze how the social sorting is affected by growth, we present a stylized endogenou...
متن کاملGrowth and Convergence: a Social Welfare Framework
This paper proposes a social welfare framework in which to analyze the relationships between growth, trends in inequality, mobility, and social welfare. An application of the framework to worldwide and regional data on per capita GDP suggests a lack of convergence at the world level, opposite trends in convergence in various regions of the world, and a fairly low level of mobility or re-ranking...
متن کاملMobility, taxation and welfare
Income mobility is often thought to equalize permanent incomes and thereby to improve social welfare. The welfare analysis of mobility often fails, however, to account for the cost of the variability of periodic incomes around permanent incomes. This paper assesses the net welfare benefit of mobility by assuming both a social aversion to inequality in permanent incomes and an individual aversio...
متن کاملIncome Mobility and Welfare∗
This paper develops a framework for the quantitative analysis of individual income dynamics, mobility and welfare. Individual income is assumed to follow a stochastic process with two (unobserved) components, an i.i.d. component representing measurement error or transitory income shocks and an AR(1) component representing persistent changes in income. We use a tractable consumption-saving model...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2018
ISSN: 1556-5068
DOI: 10.2139/ssrn.3269212