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Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/57171
Economics breeds culture
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Abstract
Several recent papers document the influence and long lasting effects of technology on preferences. Simultaneously, cultural factors are often invoked to explain heterogeneity in preferences. These two ideas suggest that culture determines the short run equilibrium values of economic variables, but, in the long run, culture changes in response to the underlying economic fundamentals. We build a model in which preferences are endogenous and the diversity in preferences (the "cultural" diversity) is explained by the variation in the relevant economic fundamentals. This can help explain observed differences in labor market attachment among groups defined e.g., by citizenship, ethnicity or gender.
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GARCÍA MÍNGUEZ, Patricio and RIBÓ, Ausias. Economics breeds culture. UB Economics – Working Papers. 2014. Vol. E14/312. ISSN 1136-8365. [consulted: 8 of June of 2026]. Available at: https://hdl.handle.net/2445/57171