Unemployment influences people’s life satisfaction beyond negative income shocks. A large body of literature investigates these non-pecuniary costs of unemployment and stresses the importance of social identity and therefore social norms, especially for men. We add to this literature by...

My research examines within-nation differences as well as cross-national differences in socially stratified outcomes, specifically the distribution of household incomes. I build on the considerable empirical evidence suggesting that group memberships are important factors in shaping one' s life...

A growing theoretical and empirical literature shows that public recognition can lead employees to exert greater effort. However, status competition is also associated with excessive expenditure on status goods, greater likelihood of bankruptcy, and more risk taking by money managers. This paper...