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 …

municipality of residence has a negative impact on own income satisfaction. -- Ferrari ; Porsche ; status ; consumption externality …

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 …

differences, we emphasize instead a model of status seeking in which conspicuous consumption is used to reflect a household …