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On the demand for grandchildren: Tied transfers and the demonstration effect

Cox, Donald; Stark, Oded - 2004

transfers to their own parents in order to instill appropriate preferences in their children. This generates a derived demand …. We argue that parents provide help with downpayments in order to encourage the production of grandchildren, and that such … a subsidization emanates from the demonstration effect: a child's propensity to furnish parents with attention and care …

Persistent link: https://www.econbiz.de/10010293715

Status preference, wealth, and dynamics in the open economy

Fisher, Walter H. - 2001

The implications of status preference in a simple open economy model will be investigated in this paper. The open economy is modeled as a continuum of identical representative agents who have preferences over consumption and status. In the paper status is identified as relative wealth, which...

Persistent link: https://www.econbiz.de/10010292763

Status seeking in the small open economy

Fisher, Walter H.; Hof, Franz X. - 2001

's counterfactual result that an impatient country over time mortgages all of its capital and labor income. We show that the steady …

Persistent link: https://www.econbiz.de/10010292769

Investment and current account dynamics in an open economy status seeking framework

Fisher, Walter H. - 2002

In this paper we analyze the implications of status-preference, modeled as relative wealth, for the current account in a small open economy framework with capital stock dynamics. We demonstrate that the transitional dynamics of the economy is characterized by two distinct speeds of adjustment: a...

Persistent link: https://www.econbiz.de/10010292781

Status aspirations, wealth inequality, and economic growth

Stark, Oded - 2005

This paper argues that an increase in the inequality of wealth prompts a stronger quest for status that in turn fosters the accumulation of wealth. It proposes a measure for an individual's want of social status. For a given level of a population's wealth, the corresponding aggregate measure of...

Persistent link: https://www.econbiz.de/10010293749

A theory of migration as a response to occupational stigma

Stark, Oded; Fan, C.Simon - 2010

A theory is developed of labor migration that is prompted by a desire to avoid social humiliation. In a general equilibrium framework it is shown that as long as migration can reduce humiliation sufficiently, migration will occur even between two identical economies. Migration increases the...

Persistent link: https://www.econbiz.de/10010294009