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The initial distribution of income determines whether an economy converges to a low-education, low-income steady-state equilibrium, or high-income, high education steady-state equilibrium. In particular, the model predicts that inequality have an adverse effect on human capital formation and economic growth in all but the very poor economies.
Cultural capital: the shared outlook, beliefs, knowledge, and skills that are passed between generations, which may in turn influence human capital. Human capital: the education and job training a person receives, and which contributes to the likelihood that one will acquire social capital. Social capital: the social network to which one ...
The term educational capital is a concept that expands upon the theoretical ideas of French sociologist and anthropologist Pierre Bourdieu who applied the notion of capital to social capital, cultural capital, and symbolic capital. [1]
Embodied cultural capital comprises the knowledge that is consciously acquired and passively inherited, by socialization to culture and tradition. Unlike property, cultural capital is not transmissible, but is acquired over time, as it is impressed upon the person's habitus (i.e., character and way of thinking), which, in turn, becomes more receptive to similar cultural influences.
In sociology, academic capital is the potential of an individual's education and other academic experience to be used to gain a place in society. Much like other forms of capital (social, economic, cultural), academic capital doesn't depend on one sole factor—the measured duration of schooling—but instead is made up of many different factors, including the individual's academic ...
Robinson's articulations of racial capitalism, in his book Black Marxism: The Making of the Black Radical Tradition, were central to the emerging field of Black and diasporic African studies, wherein new connections were drawn between capitalism, racial identity, and the development of the disconnected social consciousness—that is, the discontinuity of interhuman relations—in the 20th ...
This type of capital is separated from the other types of culturally constituted types of capital, which Bourdieu introduces, which are: personal cultural capital (formal education, knowledge); objective cultural capital (books, art); and institutionalized cultural capital (honours and titles).
Social stratification refers to a society's categorization of its people into groups based on socioeconomic factors like wealth, income, race, education, ethnicity, gender, occupation, social status, or derived power (social and political). It is a hierarchy within groups that ascribe them to different levels of privileges. [1]