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Persistent link: https://www.econbiz.de/10011386651
We explain persistent differences in cultural traits of immigrant groups with the presence of community leaders. Leaders influence the cultural traits of their community, which have an impact on the group's earnings. They determine whether a community will be more assimilated and wealthier or...
Persistent link: https://www.econbiz.de/10011576268
We highlight that convergence in repeated averaging models commonly used to study cultural traits or opinion dynamics is not equivalent to convergence in Markov chain settings if transition matrices are time-varying. We then establish a new proof for the convergence of cultural traits in the...
Persistent link: https://www.econbiz.de/10011756147
Persistent link: https://www.econbiz.de/10011747416