Culture and Economic Behavior: A Commentary Lipset, Seymour Martin

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Lipset, Seymour Martin
Appears In
Journal of Labor Economics
Americans -- Economic aspects; Canadians -- Economic aspects; Culture -- Economic aspects
Academic; Trade
Cultural factors have a profound influence on economic behavior. Two countries with varying political and legal traditions, religious institutions and historical legacy produce contrasting attitudes concerning income maintenance. Conservative, orthodox and group-oriented Canadians posted a higher savings rate and total spending on life insurance than their liberal, sectarian and individualistic American counterparts.
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