Klaus F. Zimmermann Recommends "Identity Economics: How Our Identities Shape Our Work, Wages, and Well-Being" by George A. Akerlof and Rachel E. Kranton

Klaus  Zimmermann

doi:10.1007/978-3-030-17740-9_61

Klaus F. Zimmermann Recommends "Identity Economics: How Our Identities Shape Our Work, Wages, and Well-Being" by George A. Akerlof and Rachel E. Kranton

Research output: Chapter in Book/Report/Conference proceeding › Chapter › Academic

Abstract

Economists explain individual behavior by market prices, total income, and preferences through a utility evaluation of alternative actions. A new research agenda adds an identity variable that depends on the individual’s actions, its assigned social categories, and the actions of others. Social norms related to expected behavior in social groups can influence individual behavior and choices. If monetary factors are constant, any choices in conflict with identity are avoided.

Original language	English
Title of host publication	21st Century Economics
Subtitle of host publication	Economic Ideas you should read and remember
Publisher	Springer, Cham
Pages	161-162
ISBN (Electronic)	978-3-030-17740-9
ISBN (Print)	978-3-030-17739-3
DOIs	https://doi.org/10.1007/978-3-030-17740-9_61
Publication status	Published - 2019

Access to Document

10.1007/978-3-030-17740-9_61

Cite this

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abstract = "Economists explain individual behavior by market prices, total income, and preferences through a utility evaluation of alternative actions. A new research agenda adds an identity variable that depends on the individual{\textquoteright}s actions, its assigned social categories, and the actions of others. Social norms related to expected behavior in social groups can influence individual behavior and choices. If monetary factors are constant, any choices in conflict with identity are avoided.",

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