The idea of the American Dream is closely associated with a dynamic market economy, where equality of opportunity coexists with inequality of outcomes, and where current hard work is motivated by expected rewards,from future market opportunities. An important aspect of it is economic,and occupational mobility. From the software industry in Silicon Valley, to small businesses set up.by immigrants in modern day America, to agriculture and crafts going back in history, we see individuals driven by the belief that they can become rich through hard,work, thrift a,nd enterprise irrespective ,of their initial conditions.
This report has been published in Information Systems Division, National Agricultural Library, Volume 43, Issue 4
Ghatak, Maitreesh; Morelli, Massimo; and Sjostrom, Tomas, "Dynamic Incentives, Occupational Mobility, and the American Dream" (1998). ISU Economic Report Series. 50.