Endogenous Work Ethics
Speaker: Mich Tvede (University of East Anglia)
Date: Sept. 12, Thursday, 2019
Time: 1 - 2 pm
Venue: Room 1050, Pudong Campus
Abstract:
In the present paper, we study the interaction between work ethics and technology adoption theoretically. Work ethics is supposed to be influenced by how consumers spend their leisure, which is influenced by work ethics and so on. We use the overlapping generations model and find that: the higher the return on work, the higher the work ethics; and, it is possible that societies with high (low) work ethics do (not) adopt new technologies even though societies with high and low work ethics would both be better off adopting the new technologies in the long run. Consequently, work ethics can help us understand income inequality across countries.
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