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definitions of middle-class using data from the 2007 World Gallup Poll. Seven objective income-based definitions of social class … fact that self-perceived social status is associated not just with income, but also with personal capabilities …
Persistent link: https://www.econbiz.de/10010943989
. Seven objective income-based definitions of social class are contrasted with a self-perceived social status measure … incomes. Mismatches arise because self-perceived social status is associated not just with income, but also with personal …
Persistent link: https://www.econbiz.de/10010944419
Persistent link: https://www.econbiz.de/10008516149
In the growth literature, evidence on income convergence is mixed. In the development literature, health and education …
Persistent link: https://www.econbiz.de/10005248134
In today’s changing world the business environment is changing rapidly. The emergence of e-commerce and development of information and technology plays a significant role in the nature of work as well as their attitude towards the organization. We have been experiencing a tremendous growth in...
Persistent link: https://www.econbiz.de/10011260489
In this paper, we consider social status, the spirit of capitalism, fiscal policies, and asset pricing in a stochastic model of growth. With specific assumptions on the production technology, preferences, and stochastic shocks, we derive the explicit solutions to the growth rates of consumption...
Persistent link: https://www.econbiz.de/10009207427
This paper studies the infuence of consumption externalities in the Ramsey model. In contrast to the recent literature, a quite general specification of preferences is used and the concept of the effective intertemporal elasticity of substitution is introduced. We give conditions for the...
Persistent link: https://www.econbiz.de/10005764215
unique, stable Nash equilibrium in which the supply of public goods critically depends on the distribution of income and the … observability parameter. Interestingly, an increase (decrease) in the observability for income losers (gainers), for a given income … redistribution, leads to an increase in the supply of public goods. In the absence of such income redistribution, the increase in the …
Persistent link: https://www.econbiz.de/10005765411
Persistent link: https://www.econbiz.de/10010708447
This paper studies capital accumulation and equilibrium interest rates in stochastic production economies with the concern of social status. Given a specific utility function and production function, explicit solutions for capital accumulation and equilibrium interest rates have been derived....
Persistent link: https://www.econbiz.de/10009195476