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In two laboratory experiments, we examine whether norms associated with one's social identity affect time and risk preferences. When we make ethnic identity salient to Asian-American subjects, they make more patient choices. When we make race salient to black subjects, non-immigrant blacks (but not immigrant blacks) make more risk-averse choices. Making gender identity salient causes choices to conform to gender norms the subject believes are relatively more common. Our results provide evidence that identity effects play a role in shaping U.S. demographic patterns in economic behaviors and outcomes.
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Edition Notes
"August 2007"
Includes bibliographical references (p. 36-42).
Also available in PDF from the NBER world wide web site (www.nber.org).
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