How Cultures Shape Economies. Differences in Preferences for Redistribution in the USA and Europe

How Cultures Shape Economies. Differences in Preferences for Redistribution in the USA and Europe
Author: Inga Risle
Publisher: GRIN Verlag
Total Pages: 44
Release: 2020-07-07
Genre: Business & Economics
ISBN: 3346196968

Bachelor Thesis from the year 2020 in the subject Business economics - Miscellaneous, grade: 1,0, University of Passau, course: International Cultural and Business Studies, language: English, abstract: There is a remarkable difference in preferences for redistribution in Europe compared to the USA. Various authors have already attempted to explain this difference and provide empirical data on the matter, indicating that cultural and historical contrasts lead to different preferences. The topic of this paper is the question of how these differences can be explained by cultural imprints. Research shows that redistributive preferences are influenced by views on fairness, the level of altruism and beliefs about income mobility and efficiency. Cultural predispositions can shed light on contrasting fairness views and divergent social beliefs. Therefore, cultural theories and core cultural concepts such as American Exceptionalism will be introduced in order to enable an interpretation of economic research papers on redistribution from a cultural perspective. By combining the findings of cultural, as well as economical literature a new perspective and different understanding of the reasons for contrasting redistributive preferences can be gained.

Culture, Context, and the Taste for Redistribution

Culture, Context, and the Taste for Redistribution
Author: Erzo F. P. Luttmer
Publisher:
Total Pages: 37
Release: 2010
Genre:
ISBN:

Is culture an important determinant of preferences for redistribution? To separate the effect of culture from the effect of the economic and institutional environment (quot;contextquot;), we relate immigrants' preferences for redistribution to the average preference in their birth countries, controlling extensively for individual characteristics and country-of-residence fixed effects. We find a strong positive relationship. This cultural effect is larger for non-voters, those with shorter tenure in the country of residence, and those who move to countries with a large number of immigrants from their own birth countries. Immigrants from countries with a higher preference for redistribution are also more likely to vote for a more pro-redistribution political party. The effect of culture persists strongly into the second generation.

Redistribution Or Recognition?

Redistribution Or Recognition?
Author: Nancy Fraser
Publisher: Verso
Total Pages: 292
Release: 2003
Genre: Philosophy
ISBN: 9781859844922

A debate between two philosophers who hold different views on the relation of redistribution to recognition.

Inequality, Redistribution and Cultural Integration in the Welfare State

Inequality, Redistribution and Cultural Integration in the Welfare State
Author: Alberto Bisin
Publisher:
Total Pages: 0
Release: 2017
Genre: Culture
ISBN:

This paper constructs a simple theoretical political economy model to analyze the dynamic interactions between redistribution, public good provision and cultural integration of minority groups. Cultural differentiation erodes the support for general public good provision and vertical redistribution, reducing in turn the attractiveness of adoption of the mainstream culture by the minority groups. Our model shows the possibility for multiple politico-cultural steady state trajectories depending strongly on the initial degree of cultural differentiation in the society. An exogenous increase in income inequality is shown to increase the likelihood of multiple steady state trajectories. In a context with multiple minority groups, culltural fragmentation favors integration into the mainstream culture.

What We Owe Each Other

What We Owe Each Other
Author: Minouche Shafik
Publisher: Princeton University Press
Total Pages: 256
Release: 2022-08-23
Genre: Business & Economics
ISBN: 069120764X

From one of the leading policy experts of our time, an urgent rethinking of how we can better support each other to thrive Whether we realize it or not, all of us participate in the social contract every day through mutual obligations among our family, community, place of work, and fellow citizens. Caring for others, paying taxes, and benefiting from public services define the social contract that supports and binds us together as a society. Today, however, our social contract has been broken by changing gender roles, technology, new models of work, aging, and the perils of climate change. Minouche Shafik takes us through stages of life we all experience—raising children, getting educated, falling ill, working, growing old—and shows how a reordering of our societies is possible. Drawing on evidence and examples from around the world, she shows how every country can provide citizens with the basics to have a decent life and be able to contribute to society. But we owe each other more than this. A more generous and inclusive society would also share more risks collectively and ask everyone to contribute for as long as they can so that everyone can fulfill their potential. What We Owe Each Other identifies the key elements of a better social contract that recognizes our interdependencies, supports and invests more in each other, and expects more of individuals in return. Powerful, hopeful, and thought-provoking, What We Owe Each Other provides practical solutions to current challenges and demonstrates how we can build a better society—together.

The Claims of Culture

The Claims of Culture
Author: Seyla Benhabib
Publisher: Princeton University Press
Total Pages: 270
Release: 2002
Genre: Culture
ISBN: 9780691048635

Analysing in detail the transformation of citizenship practices in European Union countries, Benhabib concludes that flexible citizenship, certain kinds of legal pluralism and models of institutional powersharing are quite compatible with deliberative democracy, as long as they are in accord with egalitarian reciprocity, voluntary self-ascription and freedom of exit and association.

Culture and Economy After the Cultural Turn

Culture and Economy After the Cultural Turn
Author: Larry Ray
Publisher: SAGE
Total Pages: 288
Release: 1999-10-06
Genre: Social Science
ISBN: 0857026283

Traditionally social science treated culture as a peripheral issue, but the last twenty years have witnessed a cultural turn throughout the social sciences. Culture is now at the core of debate. Culture and Economy After the Cultural Turn examines the impact of the cultural turn for the social sciences in relation to the decline of interest in economic aspects of society. It presents a number of responses to the changing relationship between culture and economy, and to the way in which the cultural turn has sought to understand it. Contributors from a wide range of disciplines present differing views oon these matters in relation to issues of political sensibilities and movements, equality and recognition, `cultural management′, class, ethnicity and gender, and cultural values.