The populations of many countries in the world are becoming more culturally diverse. This spurs a growing need for an informed debate on the socio-economic implications of cultural diversity. This book offers a solid statistical and econometric perspective on this topical subject by bringing...

Frontmatter -- Contents -- Preface to the Paperback Edition. Prufrock Avoided -- Acknowledgments. The Continuous Life -- Prologue. How Diversity Trumps Ability: Fun at Caltech -- Introduction. Unpacking Our Differences -- PART ONE. UNPACKING THE TOOLBOX -- 1. Diverse Perspectives. How We See...

This paper introduces a new approach to "cultural transmission of preferences" (see Bisin and Verdier, 2000, 2001). It is based on the conceptualization of the culture of a person as a set of cultural values and attitudes, represented as an n-dimensional tuple in Euclidean space. The culture of...