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The extant literature on status-signalling primarily adopts Veblen's theory of class to caste and racial identities. This study aims to adopt a more suitable theoretical lens that is more relevant not only for class identities, but also for other identities such as caste and race. By viewing...
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During the period from 1990 to 2002, U.S. households experienced a dramatic wealth cycle, induced by a 369-percent … rise throughout this period. Using data from 1990 to 2005, traditional approaches to estimating macroeconomic wealth …, income, and wealth is weak at best; and (ii) life-cycle models that rely on aggregate measures of wealth cannot explain why …
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