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relatively poor for both rural and urban areas across the states of India. The hypotheses that inequality impacts consumption … developing economy, India, with the help of a large dataset. The paper empirically validates status consciousness among the …
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The Great Recession confirmed a bedrock principle of modern consumption theory: It is impossible to explain aggregate spending behavior without knowledge of the underlying microeconomic distribution of circumstances and choices across households. National accounting frameworks therefore need to...
Persistent link: https://www.econbiz.de/10010384355
inequality or relatively high population density. Households whose head has relatively low educational attainment are also …
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The nexus between debt and inequality has attracted considerable scholarly attention in the wake of the global … financial crisis. One prominent candidate to explain the striking co-evolution of income inequality and private debt in this …
Persistent link: https://www.econbiz.de/10012619846
This paper uses data taken from the tax returns of all Icelandic taxpayers in 2005-2019, a period that saw large changes in disposable income around the country's financial crisis in 2008, to plot the life-cycle path of consumption and income for different education groups and to estimate the...
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The quest for status is a powerful motivator, but does it affect inequality? This paper presents a novel lab experiment … that was designed and conducted to identify the relationship between inequality, status signaling, debt, and conspicuous … finance exacerbates inequality. The results point to a vicious cycle of inequality and costly borrowing …
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