The Protestant ethic has been depicted as declining in America between 1870 and 1930, due to new affordable consumer durables and less rewarding industrial work. This article re-examines this period and finds that the Protestant ethic did not so much decline as become transformed. The work ethic...

The most widely embraced explanations of the financial crisis of 2008 have centered upon inadequate regulation stemming from laissez-faire ideology, combined with low interest rates. Although these widely-acknowledged causal factors are true, beneath them lie deeper determining forces that have...

"This paper examines the significance of income and career chances in the firm for attitudes regarding social justice. On the basis of organisational theory arguments from the more recent sociological class theories and the findings from labour-market and organisational research, the autonomous...

We study the evolution of an educational system which is founded on a hierarchical differentiation between technical and general education, with a superior social status attached to general. The resulting dynamic political equilibrium is best summarized by the ratio of vocational to general...

Взаимосвязь между неравенством доходов и экономическим ростом рассмотрена в контексте относительного потребления экономических агентов. Представлена простая...

This paper compares objective and subjective definitions of the middle-class using data from the 2007 World Gallup Poll. Seven objective income-based definitions of social class are contrasted with a self-perceived social status measure. Mismatches between the objective and subjective...

The main contribution of this paper with respect to previous work is the use of data on subjective perceptions to identify the Latin American middle classes. This paper provides a set of comparisons between objective and subjective definitions of middle-class using data from the 2007 World...

The relationship between income inequality and economic growth are considered in the context of the relative consumption of economic agents. A endogenous growth simple model is presented, in which agents have different initial levels of income and operating in accordance with cascading benefits,...