| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5093 |
| DP5093 A Simple Scheme to Improve the Efficiency of Referenda | |
| Alessandra Casella; Andrew Gelman | |
| 发表日期 | 2005-06-23 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | We model the decision problem of a parent who chooses an occupation and invests in the patience of her children. The two choices complement each other: patient individuals choose occupations with a steep income profile; a steep income profile, in turn, leads to a strong incentive to invest in patience. In equilibrium, society becomes stratified along occupational lines. The most patient people are those in occupations requiring the most education and experience. The theory can account for the demise of the British land-owning aristocracy in the nineteenth century, when rich landowners proved unable to profit from new opportunities arising with industrialization, and were thus surpassed by industrialists rising from the middle classes. |
| 主题 | International Macroeconomics |
| 关键词 | Discount factor Patience British aristocracy Industrial revolution Capital accumulation Income distribution |
| URL | https://cepr.org/publications/dp5093 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533984 |
| 推荐引用方式 GB/T 7714 | Alessandra Casella,Andrew Gelman. DP5093 A Simple Scheme to Improve the Efficiency of Referenda. 2005. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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