search query: @author Justman, M. / total: 5
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| Author: | Gradstein, M. Justman, M. |
| Title: | Education, Social Cohesion, and Economic Growth |
| Journal: | American Economic Review
2002 : SEP, VOL. 92:4, p. 1192-1204 |
| Index terms: | EDUCATION ECONOMIC GROWTH CULTURE ANALYTICAL REVIEW |
| Language: | eng |
| Abstract: | This paper examines the relation between social cohesion, education, and growth in the context of a dynamic model in which the productivity of economic transactions depends on the social distance between the transacting agents, and expected individual income decreases as a function of average social distance from one's cohort (from some point on). These cultural distances are determined by the social orientation of the schooling that parents provide their children. Parents contribute to their children's material well-being by raising them more closely in line with the mainstream, common culture, but this carries a psychic cost of diluting the traditional values in which the parents themselves were raised and thus weakening the bond between parent and child. |
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