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Habits, Addictions, and Traditions

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  • Becker, G.S.

Abstract

The past casts a long shadow on the present through its influence on the formation of present preferences. The past influences present preferences through habitual, addictive, and traditional behavior, and in other ways. These have profound implications for the analysis of economic and social phenomena, including short and long run changes in the amount of smoking due to higher taxes on a pack of cigarettes, and the effects of taxes on effort and work habits in the long run. The link between the past and present choice may also explain why and how parents influence the formation of children's preferences, and the formation and support of institutions and culture. Copyright 1992 by WWZ and Helbing & Lichtenhahn Verlag AG
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Suggested Citation

  • Becker, G.S., 1991. "Habits, Addictions, and Traditions," University of Chicago - Economics Research Center 91-8, Chicago - Economics Research Center.
    • Handle: RePEc:fth:chicer:91-8
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    Cited by:

    1. David Schmeidler & Itzhak Gilboa, 1994. "Reaction to Price Changes and Aspiration Level Adjustments," Working Papers 023, Ohio State University, Department of Economics.
    2. Donald Cox & Oded Stark, 1993. "Intergenerational Transfers And Demonstration Effect," Boston College Working Papers in Economics 244, Boston College Department of Economics.
    3. Croix, David de la & Michel, Philippe, 1999. "Optimal growth when tastes are inherited," Journal of Economic Dynamics and Control, Elsevier, vol. 23(4), pages 519-537, February.
    4. Vriend, Nicolaas J., 1996. "Rational behavior and economic theory," Journal of Economic Behavior & Organization, Elsevier, vol. 29(2), pages 263-285, March.
    5. Dr Ronald W. McQuaid, 1996. "Lifelong Learning And Local Economic Development," Working Paper p22, Departement of Economics, Napier University.
    6. de la Croix, David & Michel, Philippe, 1997. "Altruism and self-refrain," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 1998010, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES), revised 00 Apr 1998.

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    Keywords

    taxes ; consumption ; decision making;

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