Arbeitspapier
Status aspirations, wealth inequality, and economic growth
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 of want of social status is shown to be positively related to the Gini coefficient of wealth inequality. Hence the Gini coefficient and growth are positively correlated, holding the population's wealth constant.
- Sprache
-
Englisch
- Erschienen in
-
Series: Reihe Ökonomie / Economics Series ; No. 166
- Klassifikation
-
Wirtschaft
Relation of Economics to Social Values
Sociology of Economics
Personal Income, Wealth, and Their Distributions
Equity, Justice, Inequality, and Other Normative Criteria and Measurement
Economic Growth and Aggregate Productivity: General
- Thema
-
quest for status
distribution of wealth
economic growth
Vermögensverteilung
Einkommensverteilung
Sozialer Status
Wirtschaftswachstum
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Stark, Oded
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute for Advanced Studies (IHS)
- (wo)
-
Vienna
- (wann)
-
2005
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Stark, Oded
- Institute for Advanced Studies (IHS)
Entstanden
- 2005
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