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This paper studies the interaction between labor market integration, the evolution of "work values" and entrepreneurial capital inside minority communities. A simple model of labor market segmentation with ethnic capital and endogenous transmission of cultural values inside minority groups is...
Persistent link: https://www.econbiz.de/10010738998
Les fondements utilitaristes d'un gouvernement limité sont instables, dans la mesure où ils supposent des individus rationnels et cohérents. L'hypothèse d'agent rationnel faite par les économistes a récemment été l'objet d'attaques soutenues. L'économie comportementale a suggéré que...
Persistent link: https://www.econbiz.de/10010738782
When policymakers and private agents use models, the economists who design the model have an incentive to alter it in order infuence outcomes in a fashion consistent with their own preferences. I discuss some consequences of the existence of such ideological bias. In particular, I analyze the...
Persistent link: https://www.econbiz.de/10010739019