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dc.contributor.authorGrâdésòtayn, Marqen_US
dc.date.accessioned2008-09-18en_US
dc.date.accessioned2010-07-07T11:30:27Z-
dc.date.available2010-07-07T11:30:27Z-
dc.date.issued2008en_US
dc.identifier.piurn:nbn:de:101:1-2008042530en_US
dc.identifier.urihttp://hdl.handle.net/10419/34887-
dc.description.abstractThe phenomenon of systemic changes in the fortunes of social groups is hard to reconcile with traditional macroeconomic models of intergenerational mobility. This paper, therefore, proposes a theory of endogenous reversal of fortune, whereby instilling strict work norms is an instrument to address moral hazard in poor families more so than in rich families, which is consistent with empirical regularities pertaining to work attitudes. The mechanism implies that hard-working children of the poor may eventually overtake leisure-prone children of the rich. This evolution, in particular, of work norms, is endogenously determined and is, therefore a better explanation of the rise and the fall of population groups than existing theories that rely on exogenous ability variations.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesIZA Discussion Papers 3469en_US
dc.subject.jelD31en_US
dc.subject.ddc330en_US
dc.subject.keywordWork normsen_US
dc.subject.keywordintergenerational income mobilityen_US
dc.subject.stwSoziale Mobilitäten_US
dc.subject.stwOverlapping Generationsen_US
dc.subject.stwArbeitsethiken_US
dc.subject.stwGenerationenbeziehungenen_US
dc.subject.stwTheorieen_US
dc.titleEndogenous reversals of fortuneen_US
dc.typeWorking Paperen_US
dc.identifier.ppn565549219en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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