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Intelligence, social mobility, and growth

Опубликовано на портале: 15-12-2002
American Economic Review. 2000.  Vol. 90. No. 4. P. 888-908. 
Тематический раздел:
This study develops a model where the allocation of human resources, intergenerational social mobility, and technological growth are jointly determined. High growth endogenously increases the equilibrium return to innate cognitive ability and makes the allocation of individuals depend more on innate ability and less on social background. A social allocation based on innate ability and high growth will thus reinforce each other, implying the possibility of multiple endogenous growth equilibria.
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