We contend that consumption of a given status conveying good frequently follows a Kuznets-like curve. Concretely, the consumption of a given status marker first increases with the level of income per capita, reaches a maximum and then decreases at higher levels of income. Moreover, globalization...

We contend that consumption of a given status conveying good frequently follows a Kuznet-like curve. Concretely, the consumption of a given status marker first increases with the level of income per capita, reaches a maximum and then decreases at higher levels of income. Moreover, globalization...