Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/28058
Authors: 
Corneo, Giacomo
Jeanne, Olivier
Year of Publication: 
2007
Series/Report no.: 
Diskussionsbeiträge des Fachbereichs Wirtschaftswissenschaft der Freien Universität Berlin 2007/13
Abstract: 
We develop an economic theory of tolerance where endogenous lifestyles and exogenous traits are invested with symbolic value by people. Value systems are rationally chosen by parents for their children. In conjunction with actual behavior, value systems determine the esteem enjoyed by individuals. Intolerant individuals attach all symbolic value to a small number of attributes and are irrespectful of people with di¤erent ones. Tolerant people have diversi…ed values and respect social alterity. We study the formation of values attached to various types of attributes and identify circumstances under which tolerance spontaneously arises. Policy may a¤ect the evolution of tolerance in distinctive ways, and there may be efficiency as well as equity reasons to promote tolerance.
Subjects: 
value systems
tolerance
JEL: 
D1
O1
ISBN: 
3938369612
Document Type: 
Working Paper

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