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Autor:innen: 
Erscheinungsjahr: 
2010
Schriftenreihe/Nr.: 
Working Papers No. 431
Verlag: 
Bielefeld University, Institute of Mathematical Economics (IMW), Bielefeld
Zusammenfassung: 
This paper introduces a generalized representation of the formation of continuous preferences (which can reflect different intensities). The preference intensity that a child adopts is formed as the collective outcome of all role models for preference intensities - which are derived from the socioeconomic actions of adults - that it socially learns from. We then show how the adopted preference intensities induce preferences over socioeconomic choices. Finally, this cultural formation of preferences process is endogenized as resulting out of optimal parental socialization decisions. This framework thus endogenously determines the intergenerational evolution of preference intensities and the induced preferences.
Schlagwörter: 
Socialization
Preference Evolution
Endogenous Preferences
Cultural transmission
JEL: 
C72
J13
Z13
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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