منابع مشابه
Social Approval and Occupational Choice Social Approval and Occupational Choice
We examine the impact of a desire for social approval on education and occupation choice and model the endogenous determination of perceptions that influence such approval. In a two-sector overlapping generations framework, agents born with ability endowments in both occupations must choose one as their career. An agent’s choice is influenced by social approval, which depends upon the community...
متن کاملChoosing the Right Pond: Social Approval and Occupational Choice
We model the endogenous emergence of social perceptions about occupations and their impact on occupational choice. In particular, an individual’s social approval increases with his community’s perception of his skill in his chosen career. These perceptions vary across communities because individuals better assess the skill of those in occupations similar to their own. Such imperfect assessment ...
متن کاملOccupational choice and development
The rise in world trade since 1970 has raised international mobility of labor services. We study the effect of such a globalization of the world’s labor markets. We find that when people can choose between wage work and managerial work, the output gains are U-shaped: A worldwide labor market raises output by more in the rich and the poor countries, and by less in the middle-income countries. Th...
متن کاملFinancial Contracts and Occupational Choice
Financial constraints and entrepreneurship are among the key factors affecting economic performance in developing countries. Emphasizing the link between the theory microfoundations and the data, the paper considers a heterogeneous agents model of occupational choice with moral hazard under three Þnancial contract regimes differing in their degree of market incompleteness: savings only, borrowi...
متن کاملWealth Distribution and Occupational Choice
The paper tries to relate inequality, occupational choice and long run wealth. Defining the unskilled as poor, skilled group as middle class and entrepreneurs as rich the paper focusesstarting from a huge middle class relative to the rich along with a higher fraction of borrowing entrepreneurs within the rich group, an economy converges with a very low wealth level. In other words, one needs to...
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ژورنال
عنوان ژورنال: Economica
سال: 2010
ISSN: 0013-0427,1468-0335
DOI: 10.1111/j.1468-0335.2008.00717.x