Endogenous Selection of Comparison Groups, Human Capital Formation, and Tax Policy
Bibliographic Data
| ID | 9720796 |
|---|---|
| Authors | Oded Stark (0000-0001-5972-9726, SGH Warsaw School of Economics), Walter Hyll (0009-0002-5741-2877, Halle Institute for Economic Research), Wang Yong (0000-0003-0610-3521, City University of Hong Kong), Yong Wang (0000-0002-0092-0793) |
| Year | 2012 |
| Volume | 79 |
| Issue | 313 |
| Pages | 62-75 |
| Publication date | 2012-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1468-0335.2010.00876.x |
| OpenAlex | W2130369841 |
| Language | EN |
| Citations received | 2 |
| References cited | 24 |
We consider a setting in which the acquisition of human capital entails a change of location in social space that causes individuals to revise their comparison groups. Skill levels are viewed as occupational groups. Moving up the skill ladder by acquiring additional human capital, in itself rewarding, leads to a shift in the individual's inclination to compare himself with a different, and on average better‐paid, comparison group, in itself penalizing. We shed new light on the dynamics of human capital formation, and suggest novel policy interventions to encourage human capital formation in the aggregate and reduce inter‐group income inequality
Capital (architecture) · Demographic economics · Economic growth · Economic inequality · Economics · Human capital · Inequality · Labour economics · Microeconomics · Physical capital · Public economics · Selection (genetic algorithm) · Social capital · Sociology · Space (punctuation) · Computer Science · Fiscal Policy and Economic Growth · Gender, Labor, and Family Dynamics · Taxation and Compliance Studies
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| Unique citing works | 2 |
|---|---|
| Citations per year | 0,22 |
| Citation span | 2017 - 2018 (2) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 2 |