MARC Record from Library of Congress

LEADER: 02107nam a22002777a 4500
001 2006619120
003 DLC
005 20060726110206.0
007 cr |||||||||||
008 060726s2006 mau sb 000 0 eng
010 $a 2006619120
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aFryer, Roland G.
245 12 $aA model of social interactions and endogenous poverty traps$h[electronic resource] /$cRoland G. Fryer, Jr..
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2006.
490 1 $aNBER working paper series ;$vworking paper 12364
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 7/26/2006.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"This paper develops a model of social interactions and endogenous poverty traps. The key idea is captured in a framework in which the likelihood of future social interactions with members of one's group is partly determined by group-specific investments made by individuals. I prove three main results. First, some individuals expected to make group-specific capital investments are worse off because their observed decision is used as a litmus test of group loyalty, creating a tradeoff between human capital and cooperation among the group. Second, there exist equilibria which exhibit bi-polar human capital investment behavior by individuals of similar ability. Third, as social mobility increases this bi-polarization increases. The models predictions are consistent with the bifurcation of distinctively black names in the mid-1960s, the erosion of black neighborhoods in the 1970s, accusations of acting white, and the efficacy of certain programs designed to encourage human capital acquisition"--National Bureau of Economic Research web site.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 12364.
856 40 $uhttp://papers.nber.org/papers/w12364