David de la Croix (UCLouvain) on “Nepotism vs. Intergenerational Transmission of Human Capital in Academia (1088-1800)”

07/10/2022

Economic Research Seminar (Department Seminar) on Wednesday, October 12th, 4.30 to 6 pm

The Department of Economics cordially invites you to the Economic Research Seminar (Department Seminar) on Wednesday, October 12^th, with

David de la Croix(UCLouvain) on “Nepotism vs. Intergenerational Transmission of Human Capital in Academia (1088-1800)”

Abstract: We build a comprehensive database of father-son pairs in academia, measure their publications, and develop a general method to disentangle two determinants of occupational persistence: nepotism vs. inherited human capital. This requires jointly addressing measurement error in human capital and selection from nepotism. Exploiting multi-generation correlations and parent-child distributional differences, we identify the structural parameters of a Markov process of intergenerational transmission with nepotism. The human capital elasticity is lower than in standard multi-generation estimates ignoring nepotism. Nepotism was lower in science vs. law, in Protestant institutions, and declined during the Scientific Revolution and the Enlightenment, testifying to the rise of meritocracy.

Date: Wednesday, October 12^th

Time: 4.30 to 6 pm (CET)

Location: building D4, ground floor, room D4.0.133

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