Journal ArticleDOI
Intergenerational Transfers and the Distribution of Earnings
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This article is published in Econometrica.The article was published on 1981-07-01. It has received 1027 citations till now. The article focuses on the topics: Earnings.read more
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Journal ArticleDOI
Social Capital: Its Origins and Applications in Modern Sociology
TL;DR: Social capital has a definite place in sociological theory as mentioned in this paper, and its role in social control, in family support, and in benefits mediated by extra-familial networks, but excessive extensions of the concept may lead to excessive emphasis on positive consequences of sociability.
Journal ArticleDOI
Income Distribution and Macroeconomics
Oded Galor,Joseph Zeira +1 more
TL;DR: The authors analyzes the role of wealth distribution in macroeconomics through investment in human capital and shows that the initial distribution of wealth affects aggregate output and investment both in the short and in the long run, as there are multiple steady states.
Journal ArticleDOI
Occupational Choice and the Process of Development
TL;DR: In this paper, the authors model economic development as a process of institutional transformation by focusing on the interplay between agents' occupational decisions and the distribution of wealth, and demonstrate the robustness of this result by extending the model dynamically and studying examples in which initial wealth distributions have long-run effects.
Book
Human capital and the rise and fall of families
Gary S. Becker,Nigel Tomes +1 more
TL;DR: In this paper, a model of the transmission of earnings, assets, and consumption from parents to descendants is developed, assuming utility-maximizing parents who are concerned about the welfare of their children.
BookDOI
Conditional cash transfers : reducing present and future poverty
Ariel Fiszbein,Norbert Schady,Francisco H. G. Ferreira,Margaret Grosh,Niall Keleher,Pedro Olinto,Emmanuel Skoufias +6 more
TL;DR: Conditional cash transfers (CCTs) are programs that transfer cash, generally to poor households, on the condition that those households make pre specified investments in the human capital of their children.
References
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Journal ArticleDOI
On the Measurement of Inequality
TL;DR: In this paper, the problem of comparing two frequency distributions f(u) of an attribute y which for convenience I shall refer to as income is defined as a risk in the theory of decision-making under uncertainty.
Journal ArticleDOI
Increasing risk: I. A definition
TL;DR: The authors tried to answer the question: When is a random variable Y "more variable" than another random variable X "less variable" by asking when a variable X is more variable than another variable Y.
Journal ArticleDOI
Investment in Human Capital and Personal Income Distribution
TL;DR: In this paper, the authors argue that the effects of income distribution on consumption depend upon its causes and that factors associated with observed inequality must be taken into account before the data can be put to any use.
Journal ArticleDOI
An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money
TL;DR: This article developed the equilibrium conditions for a rational consumer's lifetime consumption-saving pattern, a problem more recently given by Harrod the useful name of "hump saving" but which Landry, Bbhm-Bawerk, Fisher, and others had touched on long before my time.
Book ChapterDOI
Cardinal Welfare, Individualistic Ethics, and Interpersonal Comparisons of Utility
TL;DR: The naive concept of social welfare as a sum of intuitively measurable and comparable individual cardinal utilities has been found unable to withstand the methodological criticism of the Pareto school as mentioned in this paper and Professor Bergson has therefore recommended its replacement by the more general concept of a social welfare function, defined as an arbitrary mathematical function of economic (and other social) variables, of a form freely chosen according to one's personal ethical (or political) value judgments.