Showing 1 - 10 of 66,662
status competition (e.g. Hopkins and Kornienko, 2004) since the number of within-group peers who possess a similar income …
Persistent link: https://www.econbiz.de/10010327364
the differences in visible expenditures can be explained with a signaling model of status seeking. Among Black households …
Persistent link: https://www.econbiz.de/10010267133
The extant literature on status-signalling primarily adopts Veblen's theory of class to caste and racial identities …
Persistent link: https://www.econbiz.de/10014314769
This paper proposes a screening approach to explain why dating is associated with purchasing status products and …
Persistent link: https://www.econbiz.de/10010484412
The extant literature on status-signalling primarily adopts Veblen's theory of class to caste and racial identities …
Persistent link: https://www.econbiz.de/10014477592
This paper investigates whether the consumption of rich households provides a reference point in the consumption choices of non-rich households from an intertemporal perspective. Using UK household data on food consumption, we estimate the Euler equation implied by a life-cycle model...
Persistent link: https://www.econbiz.de/10010409785
consumption generated by people's status-seeking behavior. They consider the joint role of pre-tax wage inequality and of social … norms determining how social status is assigned. They find that when social status is ordinal (i.e., only one's rank in the … income distribution matters) inequality and taxation are substitutes. Instead, when status is cardinal (i.e., also the shape …
Persistent link: https://www.econbiz.de/10012007390
consumption generated by people's status-seeking behavior. They consider the joint role of pre-tax wage inequality and of social … norms determining how social status is assigned. They find that if social status is ordinal (i.e., only one's rank in the …-tax wages (or earning potentials) is low enough - i.e., inequality and taxation are substitutes. Instead, if status is cardinal …
Persistent link: https://www.econbiz.de/10011846978
Economic growth tends to stimulate fundamental changes in consumption patterns as consumers who get rich tend to spread their spending more evenly across a wider variety of goods and services. Comparing cross sectional spending patterns across rich and poor countries, we investigate how this...
Persistent link: https://www.econbiz.de/10014318964
Economic growth tends to stimulate fundamental changes in consumption patterns as consumers who get rich tend to spread their spending more evenly across a wider variety of goods and services. Comparing cross sectional spending patterns across rich and poor countries, we investigate how this...
Persistent link: https://www.econbiz.de/10013402052