Does Culture Affect Economic Outcomes?

Paola Sapienza, Luigi Zingales and Luigi Guiso

No 11999, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Economists have been reluctant to rely on culture as a possible determinant of economic phenomena. The notion of culture is so broad and the channels through which it can enter the economic discourse so vague that it is difficult to design testable hypotheses. In this paper we show this does need to be the case. We introduce a narrower definition of culture that allows for a simple methodology to develop and test cultural-based explanations. We also present several applications of this methodology: from the choice to become entrepreneur to that of how much to save, to end with the political decision on income redistribution.

JEL-codes: A1 Z1 (search for similar items in EconPapers)
Date: 2006-02
Note: CF EFG
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1735)

Published as Luigi Guiso & Paola Sapienza & Luigi Zingales, 2006. "Does Culture Affect Economic Outcomes?," Journal of Economic Perspectives, American Economic Association, vol. 20(2), pages 23-48, Spring.

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Journal Article: Does Culture Affect Economic Outcomes? (2006)
Working Paper: Does Culture Affect Economic Outcomes? (2006)
Working Paper: Does Culture Affect Economic Outcomes? (2006)
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