Abstract
Continuous cultural traits are transmitted across generations in a network which is under the control of parents. We derive optimal network choices, characterize the long-run outcome, and show that high socialization incentives lead to slow convergence of cultural traits.
Original language | English |
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Pages (from-to) | 51-55 |
Number of pages | 5 |
Journal | Economics Letters |
Volume | 167 |
DOIs | |
Publication status | Published - 2018 |
Keywords
- Cultural transmission
- Economics and Econometrics
- Finance
- Network formation
- Persistence of cultural traits
- Social networks