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Publications [#238427] of Rachel Kranton

Journal Articles

  1. Akerlof, GA; Kranton, RE, Economics and identity, The Quarterly Journal of Economics, vol. 115 no. 3 (January, 2000), pp. 715-753, Oxford University Press (OUP), ISSN 0033-5533 [repository], [doi]
    (last updated on 2022/05/27)

    This paper considers how identity, a person's sense of self, affects economic outcomes. We incorporate the psychology and sociology of identity into an economic model of behavior. In the utility function we propose, identity is associated with different social categories and how people in these categories should behave. We then construct a simple game-theoretic model showing how identity can affect individual interactions. The paper adapts these models to gender discrimination in the workplace, the economics of poverty and social exclusion, and the household division of labor. In each case, the inclusion of identity substantively changes conclusions of previous economic analysis.

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