| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6424 |
| DP6424 Modelling Negotiated Decision Making: A Multilateral, Multiple Issues, Non-Cooperative Bargaining Model with Uncertainty | |
| Carlo Carraro; Alessandra Sgobbi | |
| 发表日期 | 2007-08-10 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | The British Industrial Revolution triggered a reversal in the social order whereby the landed elite was replaced by industrial capitalists rising from the middle classes as the economically dominant group. Many observers have linked this transformation to the contrast in values between a hard-working and thrifty middle class and an upper class imbued with disdain for work. We propose an economic theory of preference formation in which both the divergence of attitudes across social classes and the ensuing reversal of economic fortunes are equilibrium outcomes. In our theory, parents shape their children's preferences in response to economic incentives. If financial markets are imperfect, this results in the stratification of society along occupational lines. Middle-class families in occupations that require effort, skill, and experience develop patience and work ethic, whereas upper-class families relying on rental income cultivate a refined taste for leisure. These class-specific attitudes, which are rooted in the nature of pre-industrial professions, become key determinants of success once industrialization transforms the economic landscape. |
| 主题 | International Macroeconomics ; Public Economics |
| 关键词 | Endogenous preferences Industrial revolution Occupational choice |
| URL | https://cepr.org/publications/dp6424 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535261 |
| 推荐引用方式 GB/T 7714 | Carlo Carraro,Alessandra Sgobbi. DP6424 Modelling Negotiated Decision Making: A Multilateral, Multiple Issues, Non-Cooperative Bargaining Model with Uncertainty. 2007. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
