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Title: Identity, collective beliefs, and the allocation of resources
Author: Jeitschko, Thomas D.
O'Connell, Séamus
Pecchenino, Rowena A.
Keywords: Identity
Resource allocation
Behavioural models
Issue Date: 2008
Publisher: Economic & Social Research Institute
Citation: Jeitschko, Thomas D.; O'Connell, Séamus; Pecchenino, Rowena A. 'Identity, collective beliefs, and the allocation of resources'. - Economic & Social Review, Vol. 39, no. 1, Spring, 2008, pp. 39–54, Dublin: Economic & Social Research Institute
Abstract: 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.
Description: Paper delivered at the 21st Annual Conference of the Irish Economic Association, Bunclody, Co. Wexford, 25-27 May 2007
ISSN: 00129984
Appears in Collections:Economic and Social Review Archive: Complete Collection 1969-
The Economic and Social Review, Vol. 39, No. 1, Spring, 2008

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