Economics breeds culture

Patricio Garcia-Minguez () and Ausias Ribo Argemi ()
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Patricio Garcia-Minguez: Facultat d'Economia i Empresa; Universitat de Barcelona (UB)
Ausias Ribo Argemi: Facultat d'Economia i Empresa; Universitat de Barcelona (UB)

No 2014/312, UB School of Economics Working Papers from University of Barcelona School of Economics

Abstract: Several recent papers document the influence and long lasting effects oftechnology on preferences. Simultaneously, cultural factors are often invoked to explain heterogeneity in preferences. These two ideas suggest that culture determines the short run equilibrium values of economic variables, but, in the long run, culture changes in response to the underlying economic fundamentals. We build a model in which preferences are endogenous and the diversity in preferences (the "cultural" diversity) is explained by the variation in the relevant economic fundamentals. This can help explain observed differences in labor market attachment among groups defined e.g., by citizenship, ethnicity or gender.

Keywords: Endogenous Preferences; Technology; Culture; Labor market participation; Taxes. (search for similar items in EconPapers)
JEL-codes: D01 J22 J3 Z10 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2014
New Economics Papers: this item is included in nep-cul, nep-evo and nep-gro
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