Economics and Identity

George Akerlof, Rachel Kranton
https://public.econ.duke.edu
Level: advanced
Perspective: Behavioral Economics
Topic: Behavior, gender, inequality, labour & care, social movements & transformation
Format: Working paper/Journal article
Link: https://public.econ.duke.edu/~rek8/economicsandidentity.pdf

The authors discuss how identity affects economic outcomes by bringing together psychological and sociological perspectives and economics. For economic outcomes of a single individual, it might be interesting which kind of social groups this individual belongs to. This may influence individual daily decisions and hence economic outcomes. It can, however, not only affect individual economic outcomes but also economic outcomes of organizations, institutions and other groups. This paper describes these influences with respect to gender in the workplace, to the economics of poverty and social exclusion, and to the household division of labour.

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