Social Status, Education, and Growth
Social Status, Education, and Growth
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社会地位、教育和成长
DOI:
10.1086/262019
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发表时间:
1996
影响因子:
8.2
通讯作者:
Y. Weiss
中科院分区:
文献类型:
--
作者:
C. Fershtman;Kevin M. Murphy;Y. Weiss
This paper investigates the implications of social rewards on the allocation of talent in society and consequently on the process of economic growth. We 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. Growth may be enhanced by a more egalitarian distribution of wealth, which reduces the demand for status.