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- handle: 10670/1.43o9mh
- halshs: halshs-02973008
- doi: 10.1016/j.econmod.2019.06.010
- WOS: 000517850800013
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info:eu-repo/semantics/altIdentifier/doi/10.1016/j.econmod.2019.06.010
Mots-clés
Reference dependent utility Bequests Social status Household inequality D - Microeconomics/D.D3 - Distribution/D.D3.D30 - General D - Microeconomics/D.D9 - Intertemporal Choice/D.D9.D90 - General E - Macroeconomics and Monetary Economics/E.E7 - Macro-Based Behavioral Economics/E.E7.E71 - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on the Macro EconomySujets proches
Socio-economic status Socioeconomic status Standing, Social Status, Social Social standingCiter ce document
Carmen Camacho et al., « Social status pursuit, distribution of bequests and inequality », HAL-SHS : économie et finance, ID : 10.1016/j.econmod.2019.06.010
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Résumé
The quest for social status modifies lifetime decisions and as a consequence, the trajectory of the overall economy. Focusing on the relative wealth dimension of social status, we build a two-period overlapping generations model with heterogeneous agents to investigate the effects of status quest on the evolution of bequest distribution and household inequality. We show that the bequest motive and the concern for social status not only increase the stationary level of capital but also enhance the household equality.