Showing 1 - 10 of 14,594
Persistent link: https://www.econbiz.de/10003485553
Approximately 15 percent of households have a negative or zero net worth, leaving them vulnerable to financial insecurity at retirement. Some are vulnerable at retirement, in part, due to their lack of saving. However, some are also at risk because of their rates of consumption, relative to...
Persistent link: https://www.econbiz.de/10012895759
This paper analyses incomes and socioeconomic status of internal migrants over time and in comparison to their new … neighbors and investigates whether status consumption is a way for newly arrived city dwellers to signal their social standing …. Using a novel dataset from the emerging economy of Kazakhstan we find that internal migrants earn an income and status …
Persistent link: https://www.econbiz.de/10009740076
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 … signals ability/status). Second, borrowing increases when consumption is conspicuous. More critically, this increase in loan …
Persistent link: https://www.econbiz.de/10012297516
Persistent link: https://www.econbiz.de/10011763888
aim to protect lifestyles or signal status to others, but rather reflect a subtler expansion of the standard of living … Konsum zu finanzieren, der weder einen bestimmten Lebensstil absichern noch Dritten gegenüber einen bestimmten Status …
Persistent link: https://www.econbiz.de/10011622484
This study empirically explores the following issue: Does corruption fuel conspicuous consumption? It examines the existence and magnitude of any potential corruption-effect on conspicuous consumption expenditure. Regression analyses of an unbalanced panel data for 20 OECD countries between 2004...
Persistent link: https://www.econbiz.de/10014157460
The extant literature on status-signalling primarily adopts Veblen's theory of class to caste and racial identities …
Persistent link: https://www.econbiz.de/10014314769
Persistent link: https://www.econbiz.de/10012234356
This paper examines the structure and evolution of consumption and consumption growth inequality. Once heterogeneous agents relate their neighbors' consumption to their own, consumption volatility and inequality are affected. The relationship predicted between the group average consumption...
Persistent link: https://www.econbiz.de/10003850730