Aspirations, Segregation and Occupational Choice

Dilip Mookherjee, Stefan Napel and Debraj Ray

No dp-182, Boston University - Department of Economics - The Institute for Economic Development Working Papers Series from Boston University - Department of Economics

Abstract: This 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. Such decisions are a ected by location: parental aspirations depend on the earnings of their neighbors. At the same time, economy-wide wages endogenously adjust to bring factor supplies into line with demand. 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.

Pages: 28
Date: 2008-07
New Economics Papers: this item is included in nep-dev, nep-lab, nep-ltv and nep-ure
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Aspirations, Segregation, and Occupational Choice (2010)
Working Paper: Aspirations, Segregation and Occupational Choice (2008)
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