Seminars & Events
APL (Ajiken Power Lunch)
Risk-Taking, Market Selection and Income Mobility:Theory and Applications
APL
(Ajiken
Power
Lunch)
is
a
lunchtime
workshop
open
to
public,
including
IDE
staffs,
visiting
research
fellows,
IDEAS
students,
outside
researchers
and
graduate
students.
This
workshop
provides
a
platform
for
presentation
of
any
work
in
progress
where
we
can
discuss
in
either
English
or
Japanese.
Those
who
would
attend
a
seminar
are
asked
to
announce
yourself
to
receptionists
on
your
arrival
at
the
IDE
and
to
obtain
APL
Organizers'
signature
on
your
admission
card
after
the
seminar.
Date&time:
August 17, 2015. (Monday) 14:00-15:30
Venue:
Theme:
Risk-Taking, Market Selection and Income Mobility:Theory and Applications
Abstract
We
develop
a
Markov
mobility
model
to
study
how
market
competition,
as
the
market
deepens
to
the
extent
that
entrepreneurial
undertaking
becomes
viable,
effectively
screens
the
individuals/households’
entrepreneurial
abilities
by
rewarding
those
with
high
abilities
and
punishing
the
less
able,
and,
as
a
consequence,
how
the
screening
leads
to
intergenerational
income
mobility
in
favor
of
the
former
even
when
and
if
the
latter
is
privileged
to
initially
possess
more
wealth
than
the
former.
Our
theory
has
implications
for
understanding
the
income
and
wealth
mobility,
especially
in
the
economies,
such
as
the
post-reform
China
and
the
post-apartheid
South
Africa,
wherein
the
expanding
market
order
has
been
rapidly
reshaping
the
economic
life
that
used
to
be
deeply
embedded
in
the
social
fabric
and
long
entrenched
institutions,
which
are
often
against
the
logic
of
the
market.
We
confront
our
theoretical
predictions
with
a
dataset
regarding
income
mobility
of
about
1500
households
in
rural
China
during
the
period
1989-2009
and
empirical
evidence
from
the
history
of
other
economies
as
well.
Speaker:
Guang-Zhen Sun (Professor, University of Macau, China)
Chair:
Ning Wang (VRF)
Languages:
English
KIM, Jiyoung E-mail:Jiyoung_Kim

LEI, Lei E-mail:Lei_Lei

OSADA, Noriyuki E-mail:Noriyuki_Osada
