Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/43789
Authors: 
Pichler, Michael M.
Year of Publication: 
2010
Series/Report no.: 
Working papers // Institute of Mathematical Economics 438
Abstract: 
Based on the cultural formation of continuous preferences framework of Pichler [16], 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 inter- 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 inter-generational assimilation process toward the same preference point, as well as inter-generational dissimilation.
Subjects: 
Continuous Preferences
Assimilation
Cultural Groups
Endogenous Preferences
Preference Evolution
Socialization
JEL: 
C72
J13
Z13
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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