TY  - GEN
AB  - 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.
DA  - 2010
KW  - Socialization
KW  - Endogenous preferences
KW  - Cultural transmission
KW  - Preference evolution
LA  - eng
PY  - 2010
SN  - 0931-6558
TI  - The economics of cultural formation of preferences
UR  - https://nbn-resolving.org/urn:nbn:de:0070-bipr-47855
Y2  - 2024-11-22T01:03:22
ER  -