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Klaus F. Zimmermann Recommends “Identity Economics: How Our Identities Shape Our Work, Wages, and Well-Being” by George A. Akerlof and Rachel E. Kranton

  • Klaus F. Zimmermann
Chapter

Abstract

Economists explain individual behavior by market prices, total income, and preferences through a utility evaluation of alternative actions. A new research agenda adds an identity variable that depends on the individual’s actions, its assigned social categories, and the actions of others. Social norms related to expected behavior in social groups can influence individual behavior and choices. If monetary factors are constant, any choices in conflict with identity are avoided.

Literature

  1. Akerlof, G. A., & Kranton, R. E. (2010). Identity economics. How our identities shape our work, wages, and well-being. Princeton, NJ: Princeton University Press.CrossRefGoogle Scholar

Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  • Klaus F. Zimmermann
    • 1
  1. 1.Global Labor Organization (GLO), UNU-MERIT and Maastricht UniversityEssenGermany

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