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dc.contributor.authorGrâdésòtayn, Marqen
dc.date.accessioned2008-09-18-
dc.date.accessioned2010-07-07T11:30:27Z-
dc.date.available2010-07-07T11:30:27Z-
dc.date.issued2008-
dc.identifier.piurn:nbn:de:101:1-2008042530en
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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x3469en
dc.subject.jelD31en
dc.subject.ddc330en
dc.subject.keywordWork normsen
dc.subject.keywordintergenerational income mobilityen
dc.subject.stwSoziale Mobilitäten
dc.subject.stwOverlapping Generationsen
dc.subject.stwArbeitsethiken
dc.subject.stwGenerationenbeziehungenen
dc.subject.stwTheorieen
dc.titleEndogenous reversals of fortune-
dc.type|aWorking Paperen
dc.identifier.ppn565549219en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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