Jeitschko, Thomas D. and O’Connell, Séamus and Pecchenino, Rowena A.
Identity, Collective Beliefs, and the
Allocation of Resources.
Economic and Social Review, 39 (1).
Humans are social creatures that interact in a number of different and at least partially
independent social settings, such as work, home, social and political organisations, and church. In
each setting one has an identity, or set of identities, which one is called upon to achieve. To obtain
and maintain an identity one must dedicate scarce resources. The benefits of expending these
resources may be, among other things, income; wealth; success; prestige; power; security; respect;
social acceptance; spiritual fulfillment; and salvation. To better understand how the individual
makes his resource allocation decisions given the many possible interactions, both positive and
negative, across his identities, changes in collective beliefs defining identity, and the
substitutability or complementarity of identities, we develop a simple behavioural model of an
individual whose personal identity is an amalgam of two identities. We interpret the model in the
context of an individual with a secular and a religious identity.
||Paper delivered at the Twenty-First Annual Conference of the Irish Economic Association,
Bunclody, Co. Wexford, 25-27 May 2007. We would like to thank Martin Ryan and the participants of the 2007 Irish Economics
Association conference, and the seminar participants at the National University of Ireland,
Galway. All remaining errors are ours alone.
||Identity; Collective Beliefs; Allocation of Resources; behavioural model;
||Social Sciences > Economics, Finance & Accounting
Prof. Rowena Pecchenino
||26 Oct 2011 14:39
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