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Work behaviours and inequality in work-based rewards are essential to financial security and general well-being. Although the benefits of receiving work-based rewards, such as income, benefits and retirement packages, are significant, they are not enjoyed uniformly. Scholars have invested...
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"There is a puzzling disconnect between rising income inequality and public opinion in the United States. One might think-and many politicians argue-- that as inequality increases the public on the losing side of the inequality divide would demand more redistributive action from government. But...
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This paper argues that an increase in the inequality of wealth prompts a stronger quest for status that in turn fosters the accumulation of wealth. It proposes a measure for an individual’s want of social status. For a given level of a population’s wealth, the corresponding aggregate measure...
Persistent link: https://www.econbiz.de/10002584206
This paper argues that an increase in the inequality of wealth prompts a stronger quest for status that in turn fosters the accumulation of wealth. It proposes a measure for an individual’s want of social status. For a given level of a population’s wealth, the corresponding aggregate measure...
Persistent link: https://www.econbiz.de/10009729676