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The famous saying “keeping up with the Joneses” is a generational behavior that is still deeply interwoven in the behavioral fabric of our modern-day society. This paper aims to address and contribute to the existing literature by investigating the determinants of individual non-mortgage...
Persistent link: https://www.econbiz.de/10012870791
We investigate the trends of inequalities and mobility of income, expenditure and stock of durables between 1993 and … 1998 in Hungary. In 1996-8 the stagnating level of inequalities is coupled with relatively low and decreasing mobility. The … relationship between inequalities and mobility fastens the relative positions of households, increasing the share of households …
Persistent link: https://www.econbiz.de/10011546013
consumption of up to 23 euros depending on the household's position in the income distribution. Our findings suggest that changing … households who are perceived to be richer, on household savings and consumption. When controlling for own income as well as …
Persistent link: https://www.econbiz.de/10010491182
We demonstrate that interpersonal comparisons lead to "keeping up with the Joneses"-behavior. Using annual household … the consumption level of all households who are perceived to be richer, on household savings and consumption. When …
Persistent link: https://www.econbiz.de/10010190171
The chapter examines how the various dimensions of economic inequality between men and women are analyzed today. Beyond the gender wage gap—a central issue—and of course the still far from equal sharing of housework, the chapter also reviews research on gender inequality in access to...
Persistent link: https://www.econbiz.de/10014025339
explain upward mobility in alternate econometric framework, envisaging endogeneity problem. It also encompasses a host of … indicators of wellbeing and constructs the transition matrix to capture the extent of change over time at the household level … wellbeing index constructed at the household level. Among several determinants of income rise two important policy prescriptions …
Persistent link: https://www.econbiz.de/10010757632
Persistent link: https://www.econbiz.de/10011916841
perceive well-being in competitive pressure situation, namely, relative income mobility, subjective mobility, relative income … that the objective trends of income and income mobility are very important with respect to satisfaction, but how people … perceive their past relative income and income mobility, and their prospect of upward mobility in the future are what really …
Persistent link: https://www.econbiz.de/10011560835
Using the Chinese urban household survey data between 1997 and 2006, we find that income inequality has a negative …
Persistent link: https://www.econbiz.de/10013133561
the same position in the consumption distribution Blacks end up in a lower percentile than Whites after a few decades …. This is particularly marked for those Blacks who start at the top of the consumption distribution, where Whites are much …
Persistent link: https://www.econbiz.de/10012826292