Identity Economics "How Our Identities Shape Our Work, Wages, And Well-Being"

How Our Identities Shape Our Work, Wages, And Well-Being

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Akerlof, George A., Kranton, Rachel E.

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ISBN:9780691146485
Editorial: Princeton University Press
Fecha de la edición:2010
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Nº Pág.:200
Idiomas:Ingles,Inglés

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/ Análisis Económico

In 1995, economist Rachel Kranton wrote future Nobel Prize-winner George Akerlof a letter insisting that his most recent paper was wrong. Identity, she argued, was the missing element that would help to explain why people - facing the same economic circumstances - would make different choices. This was the beginning of a fourteen-year collaboration - and of Identity Economics. Identity economics is a new way to understand people's decisions - at work, at school, and at home. With it, we can better appreciate why incentives like stock options work or don't; why some schools succeed and others don't; why some cities and towns don't invest in their futures - and much, much more. "Identity Economics" bridges a critical gap in the social sciences. It brings identity and norms to economics. People's notions of what is proper, and what is forbidden, and for whom, are fundamental to how hard they work, and how they learn, spend, and save. Thus people's identity - their conception of who they are, and of who they choose to be - may be the most important factor affecting their economic lives. And the limits placed by society on people's identity can also be crucial determinants of their economic well-being.

Pt. 1 Economics and Identity
1 Introduction 3
2 Identity Economics 9
3 Identity and Norms in Utility 17
Postscript to Ch. 3 A Rosetta Stone 21
4 Where We Fit into Today's Economics 27
Pt. 2 Work and School
5 Identity and the Economics of Organizations 39
6 Identity and the Economics of Education 61
Pt. 3 Gender and Race
7 Gender and Work 83
8 Race and Minority Poverty 97
Pt. 4 Looking Ahead
9 Identity Economics and Economic Methodology 113
10 Conclusion, and Five Ways Identity Changes Economics 121
Acknowledgments 131
Notes 135
References 153