ENDOGENOUS SOCIAL NETWORKS AND INEQUALITY IN AN INTERGENERATIONAL SETTING
研究了人力资本投资与社交网络共同演化的动态模型，分析网络内生或外生时，代际人力资本与社会网络禀赋的联合决策如何影响不平等。
Abstract The article examines the joint evolution of human capital investment and social networking where the network may be endogenous or exogenous. It extends Cabrales et al. ( Games and Economic Behavior 72 (2011), 339–60) to dynamic settings to allow for intergenerational transfers of human capital and social networking endowments as joint decisions. Social multipliers characterize the social equilibria. The associated intergenerational transfer elasticities exhibit rich dependence on social effects allowing the intergenerational transfers elasticity to be increasing with inequality in parents' human capitals. The stochastic steady states highlight the cross‐sectional human capital distribution as outcome of shocks to cognitive and social skills coefficients.