We analyze the importance of the educated class for the persistence of mass consumption societies in an economy with a hierarchy of needs.Through the demand for managerial talent (which is needed to operate advanced industrial technologies), the latter generate their own demand for skills. In...

Education is an important tool used to equip knowledge and pursue self-improvement, which may affect intergenerational social class mobility through human capital accumulation. Using 8014 mixed cross-section samples from the 2017, 2018 and 2021 China General Social Survey (CGSS), an...

This chapter argues that parenting choices are a central force in the joint evolution of culture and economic outcomes. We present a framework in which parents - motivated by both their children’s future success and their own normative beliefs - choose parenting styles and transmit cultural...