The economics of cultural formation of preferences

Arbeitspapier

This paper introduces a generalized representation of the formation of continuous preferences (which can reflect different intensities). The preference intensity that a child adopts is formed as the collective outcome of all role models for preference intensities - which are derived from the socioeconomic actions of adults - that it socially learns from. We then show how the adopted preference intensities induce preferences over socioeconomic choices. Finally, this cultural formation of preferences process is endogenized as resulting out of optimal parental socialization decisions. This framework thus endogenously determines the intergenerational evolution of preference intensities and the induced preferences.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Working Papers ; No. 431

Classification and Topics

• Classification: Wirtschaft ; Noncooperative Games ; Fertility; Family Planning; Child Care; Children; Youth ; Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification
• Subject: Socialization ; Preference Evolution ; Endogenous Preferences ; Cultural transmission ; Kulturpsychologie ; Sozialisation ; Soziale Integration ; Soziale Werte ; Overlapping Generations ; Theorie

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Pichler, Michael M.
• Event: Veröffentlichung
• (who): Bielefeld University, Institute of Mathematical Economics (IMW)
• (where): Bielefeld
• (when): 2010

Further information

• Handle: http://hdl.handle.net/10419/43827
• URN: urn:nbn:de:hbz:361-16817
• Last update: 10.03.2025, 11:42 AM CET