Abstract
A growing literature provides evidence on multigenerational inequality -- the
extent to which socio-economic advantages persist across three or more
generations. This chapter reviews its main findings and implications. Most
studies find that inequality is more persistent than a naive iteration of
conventional parent-child correlations would suggest. We discuss potential
interpretations of this new ``fact'' related to (i) latent, (ii) non-Markovian
or (iii) non-linear transmission processes, empirical strategies to
discriminate between them, and the link between multigenerational and
assortative associations.
Abstract
Understanding the role of human behavior in shaping environmental outcomes is
crucial for addressing global challenges such as climate change. Environmental
systems are influenced not only by natural factors like temperature, but also
by human decisions regarding mitigation efforts, which are often based on
forecasts or predictions about future environmental conditions. Over time,
different outcomes can emerge, including scenarios where the environment
deteriorates despite efforts to mitigate, or where successful mitigation leads
to environmental resilience. Additionally, fluctuations in the level of human
participation in mitigation can occur, reflecting shifts in collective
behavior. In this study, we consider a variety of human mitigation decisions,
in addition to the feedback loop that is created by changes in human behavior
because of environmental changes. While these outcomes are based on simplified
models, they offer important insights into the dynamics of human
decision-making and the factors that influence effective action in the context
of environmental sustainability. This study aims to examine key social dynamics
influencing society's response to a worsening climate. While others conclude
that homophily prompts greater warming unconditionally, this model finds that
homophily can prevent catastrophic effects given a poor initial environmental
state. Assuming that poor countries have the resources to do so, a consensus in
that class group to defect from the strategy of the rich group (who are
generally incentivized to continue ``business as usual'') can frequently
prevent the vegetation proportion from converging to 0.