Social Preferences, Social Capital and Positional Concerns: Empirical Evidence from the South Caucasus

Revised Version of CERGE-EI Working Paper Series No. 625

52 Pages Posted: 25 Oct 2018 Last revised: 20 May 2019

See all articles by Armenak Antinyan

Armenak Antinyan

Wenlan School of Business; United Nations Development Program

Vardan Baghdasaryan

American University of Armenia

Aleksandr Grigoryan

American University of Armenia

Date Written: May 19, 2019

Abstract

This paper aims to study the impact of positional concerns on social preferences and social capital. We utilize data from the “Caucasus Barometer” survey administered in three post-Soviet transition economies: Armenia, Azerbaijan, and Georgia. Controlling for absolute income and other individual and household characteristics, we find that the relative deprivation of a household has negative impacts on its members’ social preferences and social capital. In contrast, relative advantage has only positive influences on the variables of interest (if any).

Keywords: Positional Concern, Social Capital, Social Preferences, Public Good, Reference Group

JEL Classification: D60, D63, P30, Z13

Suggested Citation

Antinyan, Armenak and Baghdasaryan, Vardan and Grigoryan, Aleksandr, Social Preferences, Social Capital and Positional Concerns: Empirical Evidence from the South Caucasus (May 19, 2019). Revised Version of CERGE-EI Working Paper Series No. 625, Available at SSRN: https://ssrn.com/abstract=3259193 or http://dx.doi.org/10.2139/ssrn.3259193

Armenak Antinyan (Contact Author)

Wenlan School of Business ( email )

No.143, Wuluo Road
Wuhan, Hubei 430073
China

United Nations Development Program ( email )

Petros Adamyan 14
Yerevan, 0010
Armenia

Vardan Baghdasaryan

American University of Armenia ( email )

40, Baghramyan Ave.
Yerevan, 0019
United States

Aleksandr Grigoryan

American University of Armenia ( email )

40, Baghramyan Ave.
Yerevan, 0019
United States

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