Abstract

http://ssrn.com/abstract=1155422
 
 

References (84)



 
 

Citations (11)



 


 



Preferences for Status: Evidence and Economic Implications


Ori Heffetz


Cornell University - S.C. Johnson Graduate School of Management; National Bureau of Economic Research (NBER)

Robert H. Frank


Cornell University - Department of Economics

July 1, 2008

HANDBOOK OF SOCIAL ECONOMICS, Jess Benhabib, Alberto Bisin, Matthew Jackson, eds., Vol. 1A, The Netherlands: North-Holland, pp. 69–91.
Johnson School Research Paper Series No. #05-09

Abstract:     
This chapter was prepared for Elsevier's Handbook of Social Economics (edited by Jess Benhabib, Alberto Bisin, and Matthew Jackson). It brings together some of the recent empirical and experimental evidence regarding preferences for social status. While briefly reviewing evidence from different literatures that is consistent with the existence of preferences for status, we pay special attention to experimental work that attempts to study status directly by inducing it in the lab. Finally, we discuss some economic implications.

Number of Pages in PDF File: 38

Keywords: preferences for status, positional concerns, subjective well-being, conspicuous consumption, positional externalities, relative income, status experiments

JEL Classification: C90, D01, D1, D62, Z10, Z13

Accepted Paper Series


Download This Paper

Date posted: July 4, 2008 ; Last revised: September 22, 2013

Suggested Citation

Heffetz, Ori and Frank, Robert H., Preferences for Status: Evidence and Economic Implications (July 1, 2008). HANDBOOK OF SOCIAL ECONOMICS, Jess Benhabib, Alberto Bisin, Matthew Jackson, eds., Vol. 1A, The Netherlands: North-Holland, pp. 69–91.; Johnson School Research Paper Series No. #05-09. Available at SSRN: http://ssrn.com/abstract=1155422

Contact Information

Ori Heffetz (Contact Author)
Cornell University - S.C. Johnson Graduate School of Management ( email )
324 Sage Hall
Ithaca, NY 14853
United States
607.255.4668 (Phone)
HOME PAGE: http://www.johnson.cornell.edu/faculty/profiles/heffetz/
National Bureau of Economic Research (NBER) ( email )
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Robert Frank
Cornell University - Department of Economics ( email )
414 Uris Hall
Ithaca, NY 14853-7601
United States
607-255-8501 (Phone)
607-254-4590 (Fax)
Feedback to SSRN


Paper statistics
Abstract Views: 5,021
Downloads: 1,210
Download Rank: 7,836
References:  84
Citations:  11

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo1 in 0.500 seconds