Inequality and Growth: The Role of Beliefs and Culture

Martin Strieborny

Cahiers de Recherches Economiques du Département d'économie from Université de Lausanne, Faculté des HEC, Département d’économie

Abstract: In egalitarian countries people believe that luck rather than hard work determines success in life and expect their government to provide both economic growth and social equity. This leads to a stronger dynamic interplay between government interventions, inequality and growth within such countries. The presented results thus confirm the importance of cultural factors and economic beliefs in shaping the inequality-growth link. More fundamentally, the paper demonstrates that cultural background does not only influence the long-run economic outcomes, but can also affect the joint dynamics of real economic variables within countries over time.

Keywords: culture; inequality; growth (search for similar items in EconPapers)
JEL-codes: O15 O40 P16 Z1 (search for similar items in EconPapers)
Pages: 30 pages + appendix
Date: 2010-11
New Economics Papers: this item is included in nep-cis, nep-cul, nep-dev, nep-fdg, nep-hap, nep-pbe and nep-soc
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http://www.hec.unil.ch/deep/textes/10.15.pdf (application/pdf)

Related works:
Working Paper: Inequality and Growth: The Role of Beliefs and Culture (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:lau:crdeep:10.15

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