Status Aspirations, Wealth Inequality, and Economic Growth

Stark, Oded (January 2005) Status Aspirations, Wealth Inequality, and Economic Growth. Former Series > Working Paper Series > IHS Economics Series 166

[thumbnail of es-166.pdf]
Preview
Text
es-166.pdf

Download (350kB) | Preview

Abstract

Abstract: 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.;

Item Type: IHS Series
Keywords: 'Quest for status' 'Distribution of wealth' 'Economic growth'
Classification Codes (e.g. JEL): A13, A14, D31, D63, O40
Date Deposited: 26 Sep 2014 10:38
Last Modified: 19 Sep 2024 13:15
ISBN: 1605-7996
URI: https://irihs.ihs.ac.at/id/eprint/1613

Actions (login required)

View Item
View Item