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Symbolic values, occupational choice, and economic development

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  • Corneo, Giacomo
  • Jeanne, Olivier

Abstract

Channeling human resources into occupations with high social productivity has historically been a key to economic prosperity. Occupational choices are not only driven by the material rewards associated with the various occupations, but also driven by the esteem that they confer. We propose a model of endogenous growth in which occupations carry a symbolic value that makes them more or less attractive; the evolution of symbolic values is endogenously determined by purposive transmission of value systems within families. The model sheds light on the interaction between cultural and economic development and identifies circumstances under which value systems matter for long-run growth. It shows the possibility of culturally determined poverty traps and offers a framework for thinking about the transition from traditional to modern values.

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Bibliographic Info

Article provided by Elsevier in its journal European Economic Review.

Volume (Year): 54 (2010)
Issue (Month): 2 (February)
Pages: 237-251

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Handle: RePEc:eee:eecrev:v:54:y:2010:i:2:p:237-251

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Web page: http://www.elsevier.com/locate/eer

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Keywords: Symbolic values Occupational choice Economic development Long-run growth;

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References

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Citations

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Cited by:
  1. Ennio Bilancini & Leonardo Boncinelli, 2014. "Instrumental Cardinal Concerns for Social Status in Two-Sided Matching with Non-Transferable Utility," Center for Economic Research (RECent) 095, University of Modena and Reggio E., Dept. of Economics.
  2. repec:aia:ginidp:dp17 is not listed on IDEAS
  3. Adriani, Fabrizio & Sonderegger, Silvia, 2009. "Why do parents socialize their children to behave pro-socially? An information-based theory," Journal of Public Economics, Elsevier, vol. 93(11-12), pages 1119-1124, December.
  4. Cipriani, Marco & Giuliano, Paola & Jeanne, Olivier, 2007. "Like Mother Like Son? Experimental Evidence on the Transmission of Values from Parents to Children," IZA Discussion Papers 2768, Institute for the Study of Labor (IZA).
  5. Corneo, Giacomo & Neher, Frank, 2012. "Income Inequality and Self-Reported Values," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 382, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
  6. Matteo Cervellati & Paolo Vanin, 2010. "”Thou shalt not covet ...”: Prohibitions, Temptation and Moral Values," Working Papers 2010.54, Fondazione Eni Enrico Mattei.
  7. repec:rdg:wpaper:em-dp2011-01 is not listed on IDEAS
  8. Corneo, Giacomo & Jeanne, Olivier, 2006. "A Theory of Tolerance," CEPR Discussion Papers 5908, C.E.P.R. Discussion Papers.
  9. Hiller, Victor, 2011. "Work organization, preferences dynamics and the industrialization process," European Economic Review, Elsevier, vol. 55(7), pages 1007-1025.
  10. Giacomo Corneo & Frank Neher, 2014. "Income inequality and self-reported values," Journal of Economic Inequality, Springer, vol. 12(1), pages 49-71, March.
  11. Chakraborty, Shankha & Thompson, Jon & Yehoue, Etienne, 2014. "The Culture of Entrepreneurship," MPRA Paper 56892, University Library of Munich, Germany.
  12. David Zetland & Marina Della Giusta, 2011. "Focal Points, Gender Norms and Reciprocation in Public Good Games," Economics & Management Discussion Papers em-dp2011-01, Henley Business School, Reading University.
  13. Giacomo Corneo, 2011. "GINI DP 17: Income Inequality, Value Systems and Macroeconomic Performance," GINI Discussion Papers 17, AIAS, Amsterdam Institute for Advanced Labour Studies.
  14. Corneo, Giacomo, 2013. "Work Norms, Social Insurance and the Allocation of Talent," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 405, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
  15. Corneo, Giacomo, 2013. "Work norms, social insurance and the allocation of talent," Journal of Public Economics, Elsevier, vol. 107(C), pages 79-92.
  16. Corneo, Giacomo, 2013. "Work norms, social insurance and the allocation of talent," Discussion Papers 2013/12, Free University Berlin, School of Business & Economics.

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