U.S. studies have found that stratified graduate education accounts for most of the relatively strong intergenerational socioeconomic association among postgraduate degree holders. The same has been observed, but not explained, in countries with higher systems differ from United States. We explore mediation role undergraduate- and graduate-level stratification accounting occupational holders Ki...

We propose a monetary model with endogenous credit market participation to study the impact of financial inclusion on inequality and welfare. find that consumption results from differences in agents' decision access services. This heterogeneity generates pecuniary externality, potentially resulting some agents overconsuming. Moreover, policy has distributional consequences. To quantify these ef...

BACKGROUND Economic inequality in the United States is extreme, but little is known about the national origin of affluent households. Households in the top one percent by total wealth own vastly disproportionate quantities of household assets and have correspondingly high levels of economic, social, and political influence. The overrepresentation of white natives (i.e., those born in the U.S.) ...

Opinion holder identification aims to extract entities that express opinions in sentences. In this paper, opinion holder identification is divided into two subtasks: author’s opinion recognition and opinion holder labeling. Support vector machine (SVM) is adopted to recognize author’s opinions, and conditional random field algorithm (CRF) is utilized to label opinion holders. New features are p...