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Social Inference and Occupational Choice: Type-Based Biases in a Bayesian Model of Class Formation

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Author Info
Robert Oxoby

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Abstract

Beliefs are a key motivator of individual behavior. As such, an understanding of how individuals' beliefs develop is a prerequisite to understanding decision-making and behavior. While rational choice theory posits a Bayesian model framework for belief formation, sta- tus construction theories argue that beliefs are strongly in uenced by status typi cations. In this paper, we develop a Bayesian model of belief formation in which individuals use irrelevant information on others' observable type to bias their beliefs. This model is used to analyze a simple occupational choice setting, thereby shedding light on the micro-macro inter-relationship between observable type (e.g. race, gender) and social class.

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Publisher Info
Paper provided by Department of Economics, University of Calgary in its series Working Papers with number 2009-07.

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Date of creation: 11 Jan 2009
Date of revision: 11 Jan 2009
Handle: RePEc:clg:wpaper:2009-07

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Find related papers by JEL classification:
D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
J64 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Unemployment: Models, Duration, Incidence, and Job Search
J70 - Labor and Demographic Economics - - Labor Discrimination - - - General

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    Other versions:
  2. Piketty, Thomas, 1995. "Social Mobility and Redistributive Politics," The Quarterly Journal of Economics, MIT Press, vol. 110(3), pages 551-84, August. [Downloadable!] (restricted)
    Other versions:
  3. Phelps, Edmund S, 1972. "The Statistical Theory of Racism and Sexism," American Economic Review, American Economic Association, vol. 62(4), pages 659-61, September. [Downloadable!] (restricted)
  4. Bikhchandani, Sushil & Hirshleifer, David & Welch, Ivo, 1992. "A Theory of Fads, Fashion, Custom, and Cultural Change in Informational Cascades," Journal of Political Economy, University of Chicago Press, vol. 100(5), pages 992-1026, October. [Downloadable!] (restricted)
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  7. Cox, James C. & Shachat, Jason & Walker, Mark, 2001. "An Experiment to Evaluate Bayesian Learning of Nash Equilibrium Play," Games and Economic Behavior, Elsevier, vol. 34(1), pages 11-33, January. [Downloadable!] (restricted)
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  8. Michael R. Pergamit & Jonathan R. Veum, 1999. "What is a promotion?," Industrial and Labor Relations Review, ILR Review, ILR School, Cornell University, vol. 52(4), pages 581-601, July.
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  11. Bagwell, Laurie Simon & Bernheim, B Douglas, 1996. "Veblen Effects in a Theory of Conspicuous Consumption," American Economic Review, American Economic Association, vol. 86(3), pages 349-73, June. [Downloadable!] (restricted)
  12. Lundberg, Shelly J & Startz, Richard, 1983. "Private Discrimination and Social Intervention in Competitive Labor Markets," American Economic Review, American Economic Association, vol. 73(3), pages 340-47, June. [Downloadable!] (restricted)
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  13. Chinhui Juhn & Kevin M. Murphy & Robert H. Topel, 1991. "Why Has the Natural Rate of Unemployment Increased over Time?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 22(1991-2), pages 75-142. [Downloadable!]
  14. Basu, Kaushik, 1989. "A Theory of Association: Social Status, Prices and Markets," Oxford Economic Papers, Oxford University Press, vol. 41(4), pages 653-71, October. [Downloadable!] (restricted)
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