Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/94700
Authors: 
Hauk, Esther
Sáez-Martí, María
Year of Publication: 
2001
Series/Report no.: 
IUI Working Paper 564
Abstract: 
We provide a cultural explanation to the phenomenon of corruption in the framework of an overlapping generations model with intergenerational transmission of values. We show that the economy has two steady states with different levels of corruption. The driving force in the equilibrium selection process is the education effort exerted by parents which depends on the distribution of ethics in the population and on expectations about future policies. We propose some policy interventions which via parents' efforts have long-lasting effects on corruption and show the success of intensive education campaigns. Educating the young is a key element in reducing corruption successfully
Subjects: 
Corruption
Cultural Transmission
Education
Ethics
JEL: 
D10
J13
Document Type: 
Working Paper

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