Culture in Development
研究了反资本主义文化偏见通过家庭内部人力资本传递影响创业人才供给和风险承担,进而制约经济进步,但高生产率可克服文化惯性。
An anti-capitalist cultural bias, through directed within-family human capital transmission, adversely affects the supply of entrepreneurial talent and risk-taking. This limits economic progress if aggregate productivity is low. When productivity is high, economic incentives can overcome cultural inertia. Though the income level depends on culture, the growth rate in this case does not.