Identity Economics: How Our Identities Shape Our Work, Wages, and Well-Being by George A. AkerlofIdentity Economics: How Our Identities Shape Our Work, Wages, and Well-Being by George A. Akerlof

Identity Economics: How Our Identities Shape Our Work, Wages, and Well-Being

byGeorge A. Akerlof

Paperback | September 26, 2011

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Identity Economics provides an important and compelling new way to understand human behavior, revealing how our identities--and not just economic incentives--influence our decisions. In 1995, economist Rachel Kranton wrote future Nobel Prize-winner George Akerlof a letter insisting that his most recent paper was wrong. Identity, she argued, was the missing element that would help to explain why people--facing the same economic circumstances--would make different choices. This was the beginning of a fourteen-year collaboration--and of Identity Economics.


The authors explain how our conception of who we are and who we want to be may shape our economic lives more than any other factor, affecting how hard we work, and how we learn, spend, and save. Identity economics is a new way to understand people's decisions--at work, at school, and at home. With it, we can better appreciate why incentives like stock options work or don't; why some schools succeed and others don't; why some cities and towns don't invest in their futures--and much, much more.



Identity Economics bridges a critical gap in the social sciences. It brings identity and norms to economics. People's notions of what is proper, and what is forbidden, and for whom, are fundamental to how hard they work, and how they learn, spend, and save. Thus people's identity--their conception of who they are, and of who they choose to be--may be the most important factor affecting their economic lives. And the limits placed by society on people's identity can also be crucial determinants of their economic well-being.

George A. Akerlof, winner of the 2001 Nobel Prize in Economics, is the Koshland Professor of Economics at the University of California, Berkeley. He is the coauthor, with Robert Shiller, of Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism (Princeton). Rachel E. Kranton is professor of e...
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Title:Identity Economics: How Our Identities Shape Our Work, Wages, and Well-BeingFormat:PaperbackDimensions:200 pagesPublished:September 26, 2011Publisher:Princeton University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0691152551

ISBN - 13:9780691152554

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Reviews

Rated 4 out of 5 by from New abstract growth in modeling Akerlof has a knack for taking on topics not quite in the mainstream economics. Together with Kranton, they tackle the idea of bringing identity into economic modeling and discussion of choice and behaviour. While this may seem an extension of behavioural economics, it goes more into the modeling of an agent's identification with gender, race, a company's ideal and can be applied to many other trends. An easy read and well presented.
Date published: 2018-03-15

Table of Contents

PART ONE: Economics and Identity

ONE: Introduction 3

CHAPTER TWO: Identity Economics 9

CHAPTER THREE: Identity and Norms in Utility 17

POSTSCRIPT TO CHAPTER THREE A Rosetta Stone 21

CHAPTER FOUR: Where We Fit into Today's Economics 27





PART TWO: Work and School

CHAPTER FIVE: Identity and the Economics of Organizations 39

CHAPTER SIX: Identity and the Economics of Education 61





PART THREE: Gender and Race

CHAPTER SEVEN: Gender and Work 83

CHAPTER EIGHT: Race and Minority Poverty 97





PART FOUR: Looking Ahead

CHAPTER NINE: Identity Economics and Economic Methodology 113

CHAPTER TEN: Conclusion, and Five Ways Identity Changes





Economics 121

Acknowledgments 131

Notes 135

References 153

Index 173


Editorial Reviews

"Identity Economics is full of creative and interesting thoughts that will delight and intrigue those who read it. The writing is lucid and accessible with a minimum of standard economics jargon, making it possible for the book to have a wide readership across the social sciences."-Timothy Besley, London School of Economics and Political Science