Have Preferences Become More Similar Worldwide? (with Rainer Kotschy)

  • Date: Jul 3, 2024
  • Time: 04:00 PM (Local Time Germany)
  • Speaker: Uwe Sunde (LMU Munich)
  • Location: MPI
  • Room: Ground Floor

Recent evidence shows substantial heterogeneity in time, risk, and social preferences across and within populations; yet little is known about the dynamics of preference heterogeneity across generations. We apply a novel identification strategy based on dyadic differences in preferences using representative data for more than 450,000 individuals from 118 countries and territories. Our results document that, among later-born cohorts, preferences are more similar across countries. This decline in preference heterogeneity is similar for women and men and relates to country-specific differences in preference endowments, population composition, and socioeconomic conditions during formative years. Overall, the decline in preference heterogeneity across birth cohorts points at global cultural convergence.

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