Arbeitspapier

Symbolic values, occupational choice, and economic development

Channeling human resources into the right occupations has historically been a key to economic prosperity. Occupational choices are not only driven by the material rewards associated with the various occupations, but also by the esteem that they confer. We propose a model of endogenous growth in which occupations carry a symbolic value that makes them more or less attractive; the evolution of symbolic values is endogenous and determined by purposive transmission of value systems within families. The model sheds light on the interaction between cultural and economic development and identifies circumstances under which value systems matter for long-run growth. It shows the possibility of culturally determined poverty traps and offers a framework for thinking about the transition from traditional to modern values.

Sprache
Englisch

Erschienen in
Series: IZA Discussion Papers ; No. 2763

Klassifikation
Wirtschaft
Thema
Bildungsverhalten
Kulturpsychologie
Soziale Werte
Entwicklung
Neue Wachstumstheorie
Theorie

Ereignis
Geistige Schöpfung
(wer)
Corneo, Giacomo
Jeanne, Olivier
Ereignis
Veröffentlichung
(wer)
Institute for the Study of Labor (IZA)
(wo)
Bonn
(wann)
2007

Handle
URN
urn:nbn:de:101:1-20080402118
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Corneo, Giacomo
  • Jeanne, Olivier
  • Institute for the Study of Labor (IZA)

Entstanden

  • 2007

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