The Effect of Cultural Capital on Income Distribution

Tsuyoshi Shinozaki ()
Additional contact information
Tsuyoshi Shinozaki: Tohoku Gakuin University

A chapter in New Perspectives in the Public and Cultural Sectors, 2025, pp 123-138 from Springer

Abstract: Abstract This chapter analyzes the role of cultural capital in income distribution. Cultural capital plays a different role from other types of capital in that it has not only economic value but also cultural value that directly increases utility. Our results demonstrate that (i) bequest levels are divided into two steady states depending on the level of cultural capital, even if households have the same level of bequests in the initial period, and (ii) countries with high cultural capital externalities have fewer households who become unskilled workers than those with low externalities, although the bequest gap is larger in the steady state.

Keywords: Cultural capital; Income distribution; Capital market imperfection (search for similar items in EconPapers)
JEL-codes: D51 O16 Z19 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-031-81892-9_7

Ordering information: This item can be ordered from
http://www.springer.com/9783031818929

DOI: 10.1007/978-3-031-81892-9_7

Access Statistics for this chapter

More chapters in Contributions to Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().