The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
Persistent Inequality
Open accessAbstract
When human capital accumulation generates pecuniary externalities across professions, and capital markets are imperfect, persistent inequality in utility and consumption is inevitable in any steady state. This is true irrespective of the degree of divisibility in investments. However, divisibility (or fineness of occupational structure) has implications for both the multiplicity and Pareto-efficiency of steady states. Indivisibilities generate a continuum of inefficient and efficient steady states with varying per capita income. On the other hand, perfect divisibility typically implies the existence of a unique steady state distribution which is Pareto-efficient.
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Citations
Cites
An Equilibrium Theory of the Distribution of Income and Intergenerational Mobility
Becker, G. S., & Tomes, N. (1979) · Journal of Political Economy · doi:10.1086/260831 · Cited by 2,243
Cited by
From Physical to Human Capital Accumulation: Inequality and the Process of Development
Galor, O., & Moav, O. (2004) · Review of Economic Studies · doi:10.1111/0034-6527.00312 · Cited by 1,317
Teenage Aspirations for Future Careers and Occupational Outcomes
Schoon, I., & Parsons, S. (2002) · Journal of Vocational Behavior · doi:10.1006/jvbe.2001.1867 · Cited by 532
Family and motivation effects on mathematics achievement: Analyses of students in 41 countries
Chiu, M. M., & Xihua, Z. (2008) · Learning and Instruction · doi:10.1016/j.learninstruc.2007.06.003 · Cited by 261
From Stagnation to Growth: Unified Growth Theory
Galor, O. (2005) · SSRN Electronic Journal · doi:10.2139/ssrn.651526 · Cited by 257
Inequality and growth in advanced economies: an empirical investigation
Castelló-Climent, A. (2010) · The Journal of Economic Inequality · doi:10.1007/s10888-010-9133-4 · Cited by 254
Metadata
- Authors
- Mookherjee, D., & Ray, D.
- Venue
- Review of Economic Studies
- Publisher
- Oxford University Press (OUP)
- Published
- 2003-04
- Volume
- 70
- Issue
- 2
- Pages
- 369-393
- ISSN
- 0034-6527 (ISSN-L)
- 1467-937X
- OpenAlex
- W4253983263
- Cited by
- 311
- References
- 1
- FWCI
- 27.84
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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