Politics and parents — Intergenerational transmission of values after a regime shift

Necker, Sarah; Voskort, Andrea

doi:10.1016/j.ejpoleco.2014.08.002

Cited by 20 publications

(5 citation statements)

References 32 publications

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“…We divide the identifiable countries into three groups: developed (50), post‐communist (31) and developing (115). The separation of developed and developing countries follows the standard World Bank definition of high‐ and low‐income countries, while we treat post‐communist countries as a separate group due to their particular history, with long‐term consequences of communism for the values, norms and behavior of their populations (Necker and Voskort, 2014). While average life satisfaction in developing and post‐communist countries of origin are 5.04 and 5.35, respectively, and not significantly different ( p <0.15), that of developed countries is substantially higher at 6.35.…”

Section: Empirical Methods and Datamentioning

confidence: 99%

Migrants and Life Satisfaction: The Role of the Country of Origin and the Country of Residence

Berggren¹,

Bergh²,

Bjørnskov³

et al. 2020

Kyklos

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We live in an age of international migration (Castles et al. 2014). This gives rise to manifold questions, not least what causes people to move from one country to another and what the various effects of such moves are. For the individuals who decide to relocate, the decision is often associated with turmoilit entails leaving much of one's past behind, including many of one's social networks, and of coping with sometimes harsh realities, such as unwelcoming attitudes and exclusion, in the new country. Still, the decision to migrate is arguably often made on the basis of a perception that a move will improve one's lot in life, implying that conditions in the country of origin are not always ideally conducive to well-being either. 1

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Section: Empirical Methods and Datamentioning

confidence: 99%

Migrants and Life Satisfaction: The Role of the Country of Origin and the Country of Residence

Berggren¹,

Bergh²,

Bjørnskov³

et al. 2020

Kyklos

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“…The German reunification in 1990 caused an unexpected and rapid change in the political system of the former socialist German Democratic Republic (GDR). 1 While some studies estimated the transition to the West German system to be completed within 5 to 15 years (Beirat des Bundeswirtschaftsministeriums 1991; Dornbusch and Wolf 1994), more recent research, however, posits that norms and values can persist across generations (Necker and Voskort 2014;Wyrwich 2015). Consequently, it is unsurprising that many studies use the reunification of Germany as a quasi-natural experiment to analyse the impact of exposure to the former GDR's norms and values.…”

Section: Introductionmentioning

confidence: 99%

“…Differences have been observed, for instance, in the labour market (Fuchs-Schündeln and Izem 2012;Snower and Merkl 2006;Uhlig 2006) or in household consumption and savings (Bursztyn and Cantoni 2016;Friehe and Mechtel 2014;Fuchs-Schündeln 2008). Furthermore, the preference for state interventions (Alesina and Fuchs-Schündeln 2007), the degree of solidarity (Brosig-Koch et al 2011), and the level of trust and values (Heineck and Süssmuth 2013;Necker and Voskort 2014;Rainer and Siedler 2009) vary between East and West Germany, indicating a persistence of pre-existing norms and values.…”

Section: Introductionmentioning

confidence: 99%

Why do corporate cash holdings differ within reunified Germany?

2021

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This study examines German firms’ managerial decision-making from the perspective of corporate cash holdings. An econometric analysis of 89,018 firm-year observations for 2004–2016 shows that East German firms hold significantly more cash than their West German counterparts. It is further demonstrated that no reasonable hypotheses (i.e. structural differences, access to financing, and historical differences) can explain East German firms’ higher cash holdings. Instead, the difference in cash holdings is only relevant for small- and medium-sized enterprises (SMEs). Additionally, East German SMEs adjust excess cash more slowly than West German SMEs. These findings are consistent with the hypothesis that cultural attributes influence managerial decision-making and imply that the norms and values of the former German Democratic Republic persist.

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“…These observations suggest that in addition to directly influencing the public views and opinions, Harry Potter books could be reinforcing the existing norms and beliefs. This reinforcement mechanism might be playing an important role in transmitting the biases and other social treats through generations, via the process of cultural transmission of values Verdier, 2000, 2008;Necker and Voskort, 2014). Moreover, the formation and propagation of these biases and norms may be taking place from the period of early youth, because this is the age group in which fiction's influence is likely to be particularly strong and long-lasting.…”

Section: Conclusion: Summary Possible Objections and Caveatsmentioning

confidence: 99%

Potterian economics

Lévy

Snir

2022

Oxford Open Economics

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Recent studies in psychology and neuroscience offer systematic evidence that fictional works exert a surprisingly strong influence on readers and have the power to shape their opinions and worldviews. Building on these findings, we study ‘Potterian economics’, the economic ideas, insights and structure, found in Harry Potter books, to assess how the books might affect economic literacy. A conservative estimate suggests that more than 7.3% of the world’s population has read the Harry Potter books, and millions more have seen their movie adaptations. These extraordinary figures underscore the importance of the messages the books convey. We explore the Potterian economic model and compare it to professional economic models to assess the consistency of the Potterian economic principles with the existing economic models. We find that some of the principles of Potterian economics are consistent with economists’ models. Many other principles, however, are distorted and contain numerous inaccuracies, contradicting professional economists’ views and insights. We conclude that Potterian economics can teach us about the formation and dissemination of folk economics—the intuitive notions of naïve individuals who see market transactions as a zero-sum game, who care about distribution but fail to understand incentives and efficiency and who think of prices as allocating wealth but not resources or their efficient use. ‘I think the writers [of popular literature] are not particularly sympathetic to or don’t understand how a market works. It’s not easy to convey that to a child. It’s not always easy to convey it to grown-ups.’ Gary Becker (New York Times, August 21, 2011, p. SR5). ‘With all due respect to Richard Posner, Cass Sunstein, or Peter Schuck [reference to the books these scholars published in 2005], no book released in 2005 will have more influence on what kids and adults around the world think about government than [Rowling’s] The Half-Blood Prince.’ Benjamin Barton (Michigan Law Review, 2006, p. 1525). ‘As economic theorists, we organize our thoughts using what we call models. The word “model” sounds more scientific than “fable” or “fairy tale” although I do not see much difference between them. The author of a fable draws a parallel to a situation in real life. He has some moral he wishes to impart to the reader. The fable is an imaginary situation that is somewhere between fantasy and reality. Any fable can be dismissed as being unrealistic or simplistic, but this is also the fable’s advantage. Being something between fantasy and reality, a fable is free of extraneous details and annoying diversions. In this unencumbered state, we can clearly discern what cannot always be seen in the real world. On our return to reality, we are in possession of some sound advice or a relevant argument that can be used in the real world.” Ariel Rubinstein (Econometrica, 2006, p. 881). ‘An investigation of novels and [economic] models…may help us better understand how the public thinks about economic issues.’ Tyler Cowen (The Street Porter and the Philosopher: Conversations on Analytical Egalitarianism, 2008, p. 321).

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Politics and parents — Intergenerational transmission of values after a regime shift

Cited by 20 publications

References 32 publications

Migrants and Life Satisfaction: The Role of the Country of Origin and the Country of Residence

Migrants and Life Satisfaction: The Role of the Country of Origin and the Country of Residence

Why do corporate cash holdings differ within reunified Germany?

Potterian economics

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