haku: @author Weiss, Y. / yhteensä: 8
viite: 2 / 8
| Tekijä: | Fershtman, C. Murphy, K. Weiss, Y. |
| Otsikko: | Social status, education, and growth |
| Lehti: | Journal of Political Economy
1996 : FEB, VOL. 104:1, p. 108-132 |
| Asiasana: | GROWTH WEALTH DEMAND |
| Kieli: | eng |
| Tiivistelmä: | This paper investigates the implications of social rewards on the allocation of talent in society and consequently on the process of economic growth. The authors consider two sources of heterogeneity among workers: nonwage income and innate ability. A greater emphasis on status may induce the "wrong" individuals, that is, those with low ability and high wealth, to acquire schooling, causing workers with high ability and low wealth to leave the growth-enhancing industries. This crowding-out effect, taken alone, discourages growth. |
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