We develop a new model of the intergenerational transmission of culture based on the labor market characteristics of different cultural types. Following Borjas (1994,1995) we assume that cultural heterogeneity increases labor productivity due to skill complementarities, however following Jackson...

We develop a new model of the intergenerational transmission of culture based on the labor market characteristics of different cultural types. Following Borjas (1994,1995) we assume that cultural heterogeneity increases labor productivity due to skill complementarities, however following Jackson...

We develop a new model of the intergenerational transmission of culture based on the labor market characteristics of different cultural types. Following Borjas (1994, 1995) we assume that cultural heterogeneity increases labor productivity due to skill complementarities, however following...

This paper generalizes the discrete cultural transmission model proposed by Bisin and Verdier (2001) to continuous trait space. The resulting cultural evolutionary dynamic can be characterized by a continuous imitative dynamic in a population game in which a player's payoff is equal to the...

I develop an evolutionary framework to study when firms formalize and voluntarily establish internal “order and discipline” in their conduct, in a traditional relational economy, to conduct impersonal market-based exchange. Impersonal exchange can emerge if benefit from doing business at...

Most private giving between living generations takes the form of tied transfers, such as help with housing downpayments. We argue that parents provide help with downpayments in order to encourage the production of grandchildren, and that such a subsidization emanates from the demonstration...

We investigate within a model of cultural transmission the conditions under which increased social diversity within a population - e.g. due to the inflow of immigrants - raise the potential for conflict as opposed to harmonious social diversity. Drawing on evidence from psychological studies, we...

We propose an explanation for the provision of attention and care to aged parents; we suggest a reason why the presence of young children could support rather than inhibit the provision of this care; and we provide an explanation as to why daughters are more often observed to provide attention...

Most private giving between living generations takes the form of "tied" transfers, such as help with housing downpayments. We argue that parents provide help with downpayments in order to encourage the production of grandchildren, and that such a subsidization emanates from the "demonstration...

Socioeconomic reconfiguration in this article seeks to address how the habit of innovation energized the capital markets more than a century ago and how after 15 years into the Twenty First Century, a resurgence in innovation is necessary in the capital markets given the existential crisis...