Incentives and Social Norms in Household Behavior

Assar Lindbeck

Working Papers from Stockholm - International Economic Studies

Abstract: In a broad psychological perspective, both economic incentives and social norms may be be regarded as giving rise to purposesful, or "rational" behavior. By this I simply mean that individuals act in accordaance with expected reward or punishment, even though the form these take differs substantially in the two cases. Whereas economic incentives imply "material rewards", or favors that can be traded for such rewards including leisure, social norms imply "social rewards".

Keywords: HOUSEHOLD; SOCIOLOGY (search for similar items in EconPapers)
JEL-codes: A14 R2 (search for similar items in EconPapers)
Pages: 12 pages
Date: 1996
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Journal Article: Incentives and Social Norms in Household Behavior (1997)
Working Paper: Incentives and Social Norms in Household Behavior (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:stocin:622

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