Aspirations, Segregation and Occupational Choice
Published By: BREAD on eSS | Published Date: July, 06 , 2008This paper examines steady states of an overlapping generations economy with a given
distribution of household locations over a one-dimensional interval. Parents decide whether
or not to educate their children. The model therefore
combines local social interaction with global market interaction. The paper studies steadystate
configurations of skill acquisition, both with and without segregation, and studies the
macroeconomic and welfare effects of segregation on aggregate economic outcomes. [WP no. 187].
Author(s): Dilip Mookherjee, Stefan Napel, Debraj Ray | Posted on: Oct 06, 2008 | Views(1792) | Download (779)