Occupational Choice and the Spirit of Capitalism

@article{Doepke2007OccupationalCA,
  title={Occupational Choice and the Spirit of Capitalism},
  author={Matthias Doepke and Fabrizio Zilibotti},
  journal={NBER Working Paper Series},
  year={2007}
}
The British Industrial Revolution triggered a reversal in the social order whereby the landed elite was replaced by industrial capitalists rising from the middle classes as the economically dominant group. Many observers have linked this transformation to the contrast in values between a hard-working and thrifty middle class and an upper class imbued with disdain for work. We propose an economic theory of preference formation in which both the divergence of attitudes across social classes and… 
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