scholarly journals INTERGENERATIONAL MOBILITY IN EDUCATION AND OCCUPATION

2018 ◽  
Vol 24 (2) ◽  
pp. 291-326
Author(s):  
Jaime Alonso-Carrera ◽  
Jordi Caballé ◽  
Xavier Raurich
Keyword(s):  
Empirical Evidence ◽  
Social Stratification ◽  
Intergenerational Mobility ◽  
Minimum Cost ◽  
Borrowing Constraints ◽  
Education Attainment ◽  
Education Investment ◽  
Long Run ◽  
Inherited Wealth ◽  
Different Levels

We build a model that, according to the empirical evidence, gives rise to oscillations in wealth within a dynasty while keeping intergenerational persistence in education attainment. We propose a mechanism based on the interaction between wealth and effort as suggested by the Carnegie conjecture, according to which wealthier individuals devote less effort in their job occupations than poorer. Oscillations in wealth arise from changes in the occupation chosen by different generations of the same dynasty as a response to both inherited wealth and college premium. Our mechanism generates a rich social stratification with several classes in the long run due to the combination of different levels of education and occupation types. Furthermore, we generate a large mobility in wealth among classes even in the long run. Our model highlights the role played by the minimum cost on education investment, the borrowing constraints, and the complementarity between education and occupational effort.

Does Globalization Cause Inequality in Developed Countries in the Long Run? Empirical Evidence from 25 OECD Economies

2020 ◽  
Author(s):  
Rahul Sen ◽  
Gulasekaran Rajaguru ◽  
Sadhana Srivastava ◽  
Pundarik Mukhopadhaya
Keyword(s):  
Empirical Evidence ◽  
Developed Countries ◽  
Long Run

scholarly journals ENDOGENOUS BORROWING CONSTRAINTS AND WEALTH INEQUALITY

2016 ◽  
Vol 20 (6) ◽  
pp. 1413-1431 ◽  
Author(s):  
Joydeep Bhattacharya ◽  
Xue Qiao ◽  
Min Wang
Keyword(s):  
Steady State ◽  
Credit Market ◽  
Wealth Inequality ◽  
Borrowing Constraints ◽  
Initial Distribution ◽  
The Other ◽  
Capital Investments ◽  
Loan Default ◽  
Long Run ◽  
Human Capital Investments

This paper studies the evolution of wealth inequality in an economy with endogenous borrowing constraints. In the model economy, young agents need to borrow to finance human capital investments but cannot commit to repaying their loans. Creditors can punish defaulters by banishing them permanently from the credit market. At equilibrium, loan default is prevented by imposing a borrowing limit tied to the borrower's inheritance. The heterogeneity in inheritances translates into heterogeneity in borrowing limits: endogenously, some borrowers face a zero borrowing limit, and some are partly constrained, whereas others are unconstrained. Depending on the initial distribution of inheritances, it is possible that all lineages are attracted either to the zero-borrowing-limit steady state or to the unconstrained-borrowing steady state—long-run equality. It is also possible that some lineages end up in one steady state and the rest in the other—complete polarization.

scholarly journals Empirical evidence of a long-run relationship between agriculture and manufacturing industry output in Nigeria

2019 ◽  
Author(s):  
Eze Osuagwu
Keyword(s):  
Error Correction ◽  
Empirical Evidence ◽  
Manufacturing Industry ◽  
Policy Implications ◽  
Necessary Condition ◽  
Macroeconomic Factors ◽  
Vector Error Correction ◽  
Vector Error ◽  
Long Run ◽  
Industry Output

<p>This study investigates a relationship between agriculture and manufacturing industry output in Nigeria from 1982-2015, using the Granger causality, co-integration and error correction techniques. Empirical evidence reveals a bidirectional relationship between the sectors. Although, a positive and significant relationship exists in the short and long-run estimates, a long-run divergence from the vector error correction model suggest that changes in agricultural productivity are not restored to equilibrium, given that macroeconomic factors distort the linkage. Policy implications indicate that macroeconomic stability is a necessary condition for agricultural and manufacturing sectors to foster economic growth.</p>

scholarly journals Efecto de la Escolarización en la Producción de Relaciones Causales y Contracausales: Evidencia Psicolingüística para el Ámbito Educativo

2016 ◽  
Vol 6 (3) ◽  
pp. 258
Author(s):  
Gabriela Mariel Zunino
Keyword(s):  
Empirical Evidence ◽  
Language Processing ◽  
Formal Education ◽  
Educational Process ◽  
Semantic Relations ◽  
Practical Application ◽  
Discourse Comprehension ◽  
Educational Processes ◽  
Different Characteristics ◽  
Different Levels

In order to promote the practical application of psycholinguistic data in educational fields and expecting that this transfer would enhance the development of both the pedagogical field and the investigation in experimental psycholinguistics, we present two experiments to analyse the production of semantic relations in discourse, especially the causality/countercausality dimension. We found that the pattern of causal advantage is cross-wise and consistent in subjects with different levels of formal education, so it could be a suitable scaffold to develop other aspects of discourse comprehension and production. We compare our results with previous findings about discourse comprehension and interpret the data in the framework of educational processes. To use of empirical evidence about language processing on educational fields allows not only to review specific issues such as the characteristics of teaching materials, but also to improve educational process in a comprehensive way, making possible to adapt different approaches to populations with different characteristics.

scholarly journals Measuring Digital Transformation Maturity of Supply Chain

2021 ◽  
Vol 15 (2) ◽  
pp. 199-204
Author(s):  
Krešimir Buntak ◽  
Matija Kovačić ◽  
Maja Mutavdžija
Keyword(s):  
Artificial Intelligence ◽  
Cloud Computing ◽  
Supply Chain ◽  
Industry 4.0 ◽  
Digital Transformation ◽  
Strategic Decision ◽  
Traditional Practices ◽  
Long Run ◽  
Efficiency And Effectiveness ◽  
Different Levels

Digital transformation signifies changes in all components and systems of the supply chain. It is also a strategic decision of the organization which, in the long run, can result in the creation of competitive advantage in the market. Digital transformation is affecting all organizations, regardless of their activity. Digital transformation of the supply chain involves the use of industry 4.0 based technologies as well as the replacement of traditional practices with new ones based on digital solutions. The implementation of digital solutions, such as artificial intelligence, IoT, cloud computing, etc., therefore, improve communication between stakeholders in the supply chain, as well as improve efficiency and effectiveness. When conducted, digital transformation must be measured by different levels of maturity. In this paper, authors research current models of measuring digital transformation maturity in supply chain and propose a new model based on identified theories and needs.

scholarly journals Análisis de la integración y dependencia de las políticas monetarias de la Unión Europea

2013 ◽  
pp. 47
Author(s):  
María del Carmen González Velasco ◽  
Roque Brinckmann
Keyword(s):  
Monetary Policy ◽  
Central Bank ◽  
Empirical Evidence ◽  
European Central Bank ◽  
Central Banks ◽  
Uncovered Interest Parity ◽  
European Central ◽  
Long Run ◽  
Bank Of England ◽  
Interest Parity

En este artículo se efectúa un análisis de la integración y dependencia de las políticas monetarias de la Unión Europea y, en concreto, de las políticas monetarias de la Unión Económica yMonetaria y de la zona no euro para el periodo comprendido entre Enero de 1999 y Septiembre 2009. Se aplica la metodología de la cointegración de Engle y Granger (1987) y de Johansen(1988) para contrastar la hipótesis de la paridad de tipos de interés no cubierta y se llega a la conclusión de que ambas políticas están cointegradas porque mantienen una relación de equilibrio a largo plazo. También se deduce una dependencia de la política del Banco de Inglaterra de la política del Banco Central Europeo, lo que confirma la importancia y el liderazgo de la Unión Económica y Monetaria.<br /><br />This study is to investigate the long-run relationship and dependence between the UME´s monetary policy and non-euro zone´s monetary policy for the period from January 4, 1999 to September 30, 2009. We use cointegration methodology to test the Uncovered Interest Parity Hypothesis and the results indicate a long-run cointegration and empirical evidence testifies a leader-follower pattern between the two central banks. According to this pattern, the Bank of England does follow the European Central Bank.

Technological progress, non-price factors competitiveness, and changes in trade income elasticities: empirical evidence from South Korea and Hong Kong

2020 ◽  
pp. 1-26
Author(s):  
Marco Flávio Cunha Resende ◽  
Vitor Leone ◽  
Daniele Almeida Raposo Torres ◽  
Simeon Coleman
Keyword(s):  
Growth Rate ◽  
Hong Kong ◽  
South Korea ◽  
Empirical Evidence ◽  
Technological Progress ◽  
Innovation System ◽  
Balance Of Payments ◽  
Income Elasticities ◽  
Long Run ◽  
Catch Up

In the balance-of-payments-constrained growth model literature, income elasticities (IEs) are considered as the crucial element determining a country's long-run growth rate. Although the extant literature accepts that technology matters for IEs magnitude, explanations linking technology and IEs magnitude are limited. In this paper, we make use of the National Innovation System (NIS) concept from the Evolutionary School to explain the channels through which the size of a country's IEs is influenced by the level of development of its NIS, which in turn is a channel through which the non-price competitiveness factors work. Additionally, we empirically test the hypothesis that the catch-up allowed by NIS developments achieved in South Korea and Hong Kong improved their IEs over the 1980–1995 period. Our empirical results suggest a link between the level of NIS development and the size of the IEs.

Ethnic Capital and Intergenerational Mobility

2019 ◽  
pp. 241-266
Author(s):  
George J. Borjas ◽  
Barry R. Chiswick
Keyword(s):  
Human Capital ◽  
Ethnic Group ◽  
Empirical Evidence ◽  
Capital Accumulation ◽  
Intergenerational Mobility ◽  
Human Capital Accumulation ◽  
Accumulation Process ◽  
Next Generation ◽  
Ethnic Capital

Assuming that ethnicity acts as an externality in the human capital accumulation process, this chapter analyzes the extent to which ethnic skill differentials are transmitted across generations. The skills of the next generation depend on parental inputs and on the quality of the ethnic environment in which parents make their investments, or “ethnic capital.” The empirical evidence reveals that the skills of today's generation depend not only on the skills of their parents, but also on the average skills of the ethnic group in the parents’ generation.

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