>”human capital was strongly transmitted from parents to children”
That doesn’t sound distasteful to me at all. Is that bad?
Can we make a distinction between parents raising their kids and giving them great opportunities, and “nepotism” where people are put in no-show jobs or are wholly incompetent?
It seems like the system of “nepotism” the paper describes is not bad at all, but instead is working well since the paper observes that when passing occupation from father to son would be inefficient/lead to bad social outcomes, it happens far less
That doesn’t sound distasteful to me at all. Is that bad?
Can we make a distinction between parents raising their kids and giving them great opportunities, and “nepotism” where people are put in no-show jobs or are wholly incompetent?
It seems like the system of “nepotism” the paper describes is not bad at all, but instead is working well since the paper observes that when passing occupation from father to son would be inefficient/lead to bad social outcomes, it happens far less