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Can I read A Theory of Persistent Income Inequality on EtoBox?
A Theory of Persistent Income Inequality by Steven N. Durlauf is a Economics, Econometrics and Finance article available to read on EtoBox.
What is A Theory of Persistent Income Inequality about?
This paper explores the dynamics of income inequality by studying the evolution of human capital investment and neighborhood choice for a population of families. Parents affect the conditional probability distribution of their children's income through the choice of a neighborhood in which to live. Neighborhood location affects children both through local public finance of education as well as through sociological effects. These forces combine to create incentives for wealthier families to segregate themselves into economically homogeneous neighborhoods. Economic stratification combines with strong neighborhoodwide feedback effects to transmit economic status across generations, leading to persistent income inequality.
Who reads A Theory of Persistent Income Inequality?
It is typically read by researchers, students, and practitioners in Economics, Econometrics and Finance.
- Author
- Steven N. Durlauf
- Publisher
- Springer; Springer-Verlag; Kluwer Academic Publishers; Springer Science and Business Media LLC (ISSN 1381-4338)
- Published
- 1996
- Language
- EN
- Field
- Economics, Econometrics and Finance (Social Sciences)