Marjit, Sugata; Santra, Sattwik; Hati, Koushik Kumar - 2018
This paper is the first attempt towards directly testing the existence of status seeking behavior of the poor for a … developing economy, India, with the help of a large dataset. The paper empirically validates status consciousness among the … patterns via status effect turns out to be statistically significant. Households in the majority of the states, under various …