Cultural Formation of Preferences and Assimilation of Cultural Groups

Michael Pichler
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Michael Pichler: Center for Mathematical Economics, Bielefeld University

No 438, Center for Mathematical Economics Working Papers from Center for Mathematical Economics, Bielefeld University

Abstract: Based on the cultural formation of continuous preferences framework of Pichler [16], this paper analyzes the evolution of preferences and behavior in a two cultural groups setting. We show that the qualitative dynamic properties depend crucially on what parents perceive as the optimal preferences for their children to adopt. Under inter– generationally fixed optimal preferences, the preferences of the cultural groups will always stay distinct. If the optimal preferences coincide with those derived from the representative group behavior, then a multitude of convergence path types can realize. These contain both an inter–generational assimilation process toward the same preference point, as well as inter–generational dissimilation.

Keywords: Continuous Preferences; Endogenous Preferences; Cultural Groups; Assimilation; Socialization; Preference Evolution (search for similar items in EconPapers)
Pages: 37
Date: 2015-12-03
New Economics Papers: this item is included in nep-cbe, nep-cul, nep-evo and nep-mig
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:bie:wpaper:438

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