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Intergenerational transmission of preferences

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  • Bulte, Erwin H.
  • Horan, Richard D.

Abstract

We propose a perfect empathy model of cultural transmission to capture the evolution of preferences in a population. Unlike existing imperfect empathy models, focusing on stable interior equilibria, we demonstrate that a corner outcome will eventuate. However, which corner outcome emerges is unknown, and depends on the interplay of "history" and "expectations".

Suggested Citation

  • Bulte, Erwin H. & Horan, Richard D., 2011. "Intergenerational transmission of preferences," Economics Letters, Elsevier, vol. 112(1), pages 85-87, July.
    • Handle: RePEc:eee:ecolet:v:112:y:2011:i:1:p:85-87
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    References listed on IDEAS

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    1. Alberto Bisin & Thierry Verdier, 2000. ""Beyond the Melting Pot": Cultural Transmission, Marriage, and the Evolution of Ethnic and Religious Traits," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 115(3), pages 955-988.
    2. Nick Netzer, 2009. "Evolution of Time Preferences and Attitudes toward Risk," American Economic Review, American Economic Association, vol. 99(3), pages 937-955, June.
    3. Bisin, Alberto & Verdier, Thierry, 2001. "The Economics of Cultural Transmission and the Dynamics of Preferences," Journal of Economic Theory, Elsevier, vol. 97(2), pages 298-319, April.
    4. Guido Tabellini, 2008. "The Scope of Cooperation: Values and Incentives," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 123(3), pages 905-950.
    5. Paul Krugman, 1991. "History versus Expectations," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 651-667.
    6. Larry Samuelson & Arthur J. Robson, 2007. "The Evolution of Intertemporal Preferences," American Economic Review, American Economic Association, vol. 97(2), pages 496-500, May.
    7. Bisin, Alberto & Verdier, Thierry, 2001. "Agents with imperfect empathy may survive natural selection," Economics Letters, Elsevier, vol. 71(2), pages 277-285, May.
    8. Eddie Dekel & Jeffrey C. Ely & Okan Yilankaya, 2007. "Evolution of Preferences -super-1," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 74(3), pages 685-704.
    9. Arthur J. Robson, 2001. "The Biological Basis of Economic Behavior," Journal of Economic Literature, American Economic Association, vol. 39(1), pages 11-33, March.
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    Citations

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    Cited by:

    1. Necker, Sarah & Voskort, Andrea, 2014. "Politics and parents — Intergenerational transmission of values after a regime shift," European Journal of Political Economy, Elsevier, vol. 36(C), pages 177-194.
    2. J. Ignacio Gimenez-Nadal & Jose Alberto Molina & Raquel Ortega, 2017. "Like my parents at home? Gender differences in children’s housework in Germany and Spain," Empirical Economics, Springer, vol. 52(4), pages 1143-1179, June.
    3. Tim Friehe & Markus Pannenberg, 2020. "Time preferences and political regimes: evidence from reunified Germany," Journal of Population Economics, Springer;European Society for Population Economics, vol. 33(1), pages 349-387, January.
    4. Banuri, Sheheryar & Keefer, Philip, 2016. "Pro-social motivation, effort and the call to public service," European Economic Review, Elsevier, vol. 83(C), pages 139-164.
    5. Jemal Mohammed Adem, 2024. "Why cash grants fail to raise household investment in child education in developing countries," Review of Development Economics, Wiley Blackwell, vol. 28(3), pages 1063-1076, August.
    6. J. Ignacio Gimenez-Nadal & José Alberto Molina & Yu Zhu, 2018. "Intergenerational mobility of housework time in the United Kingdom," Review of Economics of the Household, Springer, vol. 16(4), pages 911-937, December.
    7. Zubair, Maria & Khanum, Ayesha & Nasir, Marjan, 2018. "Transfer Of Behavioral Traits From Parents To Children: An Experimental Approach," MPRA Paper 92121, University Library of Munich, Germany.

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