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Published in 2021 at "Journal of Economic Behavior and Organization"
DOI: 10.1016/j.jebo.2020.11.034
Abstract: Abstract This paper suggests that nepotism affects economic development by hindering human capital development. In our dynamic general equilibrium model, individuals perceiving nepotistic labor markets experience a weaker economic motive to invest in human capital.…
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Keywords:
economic development;
human capital;
nepotism;
nepotism human ... See more keywords