In this paper a basic skill vector characterization of occupations is used to examine the relation between human capital specificity and occupational mobility. Specifically, the paper asks, how much occupational mobility is simply moving a given skill or task set around different occupations that use the same skill set, and how much involves major shifts in the skill vectors? The loss of specif...

We construct comparable measures of intergenerational mobility (IM) for 103 Italian provinces using the methodology of Güell, Rodŕıguez Mora and Telmer (2007; 2014) and explore their correlation with a variety of social and economic outcomes. We find that higher IM is positively associated with economic activity, education and social capital, and negatively correlated with inequality. Moreover,...

Social capital is one of the influential concepts in social science to understand contemporary societies. It has been found to influence many aspects of social life, directly or indirectly. It is also increasingly explored in relation to Information and Communications Technology (ICT). Nevertheless, social capital is a challenging variable to research, in part because of its multiple divergent ...

We re-examine, from a political economy perspective, the standard view that higher capital mobility results in lower capital taxes a view, in fact, that is not confirmed by the available empirical evidence. We show that when a small economy is opened to capital mobility, the change of incidence of a tax on capital from capital owners to owners of the immobile factor may interact in such a way w...

This paper investigates short-run wage effects of immigration in a setting with international capital mobility. The latter eliminates two thirds of the native wage effects of immigration. Without international capital mobility, overall gains from migration in the immigration region are only a small fraction of total losses to native workers; with perfect international capital mobility overall g...

This paper analyzes the extent to which ethnic skill differentials are transmitted across generations. I assume that ethnicity acts as an externality in the human capital accumulation process. The skills of the next generation depend on parental inputs and on the quality of the ethnic environment in which parents make their investments, or "ethnic capital." The empirical evidence reveals that t...

We present a model for the equilibrium movement of capital between markets. Markets with symmetrically distributed risks are distinguished only by the levels of capital invested in each. That market with the greater amount of capital earns lower conditional mean returns. Intermediaries optimally trade off the costs of intermediation against fees that depend on the gain they can offer to investo...

This text surveys the literature on the implications of international capital mobility for national tax policies. Our main issue for consideration in this survey is whether taxation of income, specifically capital income will survive, how border crossing investment is taxed relative to domestic investment and whether welfare gains can be achieved through international tax coordination. Our anal...

We develop a two-country overlapping-generations model with domestic financial frictions and show that cross-country differences in financial development explain three recent patterns of international capital flows. In our model, domestic financial frictions distort the interest rates and production efficiency in the less financially developed country. Capital flows not only lead to cross-count...

We develop a tractable two-country overlapping-generations model and show that cross-country differences in financial development can explain three recent empirical patterns of international capital flows: Financial capital flows from relatively poor to relatively rich countries, while foreign direct investment flows in the opposite direction; net capital flows go from poor to rich countries; d...