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Title: Individualism vs. Collectivism: How inherited cultural values affect the economic outcome of second-generation immigrants in the US

Citation Type: Miscellaneous

Publication Year: 2015

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Abstract: This study provides insight on the links between cultural values and economic outcome. Using the epidemiological approach on 1994-2014 US survey data, we analyze the impact of inherited cultural differences on the economic outcome of US citizens with foreign ancestry while keeping formal institutions constant. With the disease environment of the country of origin as a measurement for collectivism and a data set comprising nearly 37,000 homogamous second-generation immigrants,we are the first to find that higher scores of collectivism are associated with higher income earned in the US. We demonstrate that the number of hours worked and the labor force participation are vital determinants of the positive impact of collectivism. We further find evidence for assimilation since the positive effect of collectivism declines in age. Our findings are robust to the use of other measurements and specifications. With this paper, we contribute to the literature by exhibiting the importance of cultural values in the economic behavior in general and in the context of migration in particular.

Url: http://www.uniba.it/ricerca/dipartimenti/dse/e.g.i/egi-papers-2015/s3_hockel

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Authors: Hoeckel, Lisa Sofie

Publisher: Rheinisch-Westfalisches Institut fur Wirtschaftsforschung

Data Collections: IPUMS CPS

Topics: Labor Force and Occupational Structure, Migration and Immigration, Other

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