Social culture and economic performance

Authors
Citation
Hm. Fang, Social culture and economic performance, AM ECON REV, 91(4), 2001, pp. 924-937
Citations number
18
Categorie Soggetti
Economics
Journal title
AMERICAN ECONOMIC REVIEW
ISSN journal
00028282 → ACNP
Volume
91
Issue
4
Year of publication
2001
Pages
924 - 937
Database
ISI
SICI code
0002-8282(200109)91:4<924:SCAEP>2.0.ZU;2-V
Abstract
The connection between obtaining higher paying jobs and undertaking some se emingly irrelevant activity is interpreted as "social culture. " In the con text of a society trying to adopt a new technology, I show that by allowing the firms to give preferential treatment to workers based on some "cultura l activity, " the society can partially, overcome an informational free-rid ing problenz. Therefore, social culture may affect the economic performance by altering the effective production technology of the economy.