Cultural Formation of Preferences and Assimilation of Cultural Groups
Based on the cultural formation of continuous preferences framework of Pichler , this paper analyzes the evolution of preferences and behavior in a two cultural groups setting. We show that the qualitative dynamic properties depend crucially on what parents perceive as the optimal preferences for their children to adopt. Under interâ€“ generationally fixed optimal preferences, the preferences of the cultural groups will always stay distinct. If the optimal preferences coincide with those derived from the representative group behavior, then a multitude of convergence path types can realize. These contain both an interâ€“generational assimilation process toward the same preference point, as well as interâ€“generational dissimilation.
|Date of creation:||03 Dec 2015|
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