Using 1990 5% Census and American Community Survey data, we examine the economic integration of Afghan refugees to the US, focusing on employment rates and income levels. First-wave Afghan refugees (those arriving 1980-90) have made significant income and employment gains, while poverty rates...

In this paper we develop a theoretical model that investigates the demand for cultural goods under the assumption of cultural capital and rational addiction. We also consider the effect of a policy intervention in order to raise the initial stock of cultural capital of a given individual, both...

The cultural atmosphere in a society is accumulated over time through the consumption of cultural services and is diminished through depreciation. Using cultural capital (e.g., cultural heritage, paintings, music scores), cultural services are provided by the cultural-services industry (e.g.,...

Economists traditionally distinguish between three forms of capital: physical capital, human capital and natural capital. This paper proposes a fourth type of capital, cultural capital. An item of cultural capital is defined as an asset embodying cultural value. The paper considers usage of the...

This paper develops a theory of rational philanthropyin forming ``cultural capital'' and aestheticpreferences. The study maintains that changes incapital market opportunities provide investmentmotives for private and public giving. Theseimplications are examined in a Vector Autoregressive(VAR)...

How might we model the historical processes which transported Mozart's compositions in eighteenth century Vienna to their performance in twentieth century Japan? There is a need to look beyond the neo-classical economics tradition. A description is given of how cultural taste gives direction to...

Since Zimbabwean independence in 1980, a small percentage of the black population has become wealthy. This paper and a companion video explore the consumption patterns of members of this new black elite in post-colonial Zimbabwe. Given the violent war of independence and the avowedly socialist...