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This paper investigates whether the consumption of rich households provides a reference point in the consumption choices of non-rich households from an intertemporal perspective. Using UK household data on food consumption, we estimate the Euler equation implied by a life-cycle model...
Persistent link: https://www.econbiz.de/10010409785
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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/10009771815
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
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
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
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
Persistent link: https://www.econbiz.de/10010423252
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