Symbolic values, occupational choice and economic development
Corneo, Giacomo ;  Jeanne, Olivier ;  ;  Universität <Berlin, Freie Universität> / Fachbereich Wirtschaftswissenschaft

Main titleSymbolic values, occupational choice and economic development
AuthorCorneo, Giacomo
AuthorJeanne, Olivier
EditorUniversität <Berlin, Freie Universität> / Fachbereich Wirtschaftswissenschaft
No. of Pages28 S.
Series ; 2007,2 : Volkswirtschaftliche Reihe
Keywordssymbolic values, occupational choice, economic development, long-run growth
Classification (DDC)332 Financial economics
Also published in
AbstractChanneling human resources into the right occupations has historically been a key to
economic prosperity. Occupational choices are not only driven by the material rewards
associated with the various occupations, but also by the esteem that they confer. We
propose a model of endogenous growth in which occupations carry a symbolic value that
makes them more or less attractive; the evolution of symbolic values is endogenous and
determined by purposive transmission of value systems within families. The model sheds
light on the interaction between cultural and economic development and identi…es circum-
stances under which value systems matter for long-run growth. It shows the possibility
of culturally determined poverty traps and o¤ers a framework for thinking about the
transition from traditional to modern values.
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FU DepartmentDepartment Business and Economics
Year of publication2007
Type of documentBook
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Created at2008-06-10 : 08:15:15
Last changed2016-01-05 : 02:38:10
Static URLhttp://edocs.fu-berlin.de/docs/receive/FUDOCS_document_000000000149