DC Field | Value | Language |
---|---|---|
dc.contributor.author | Hwang, Sung-Ha | ko |
dc.contributor.author | Lee, Jungmin | ko |
dc.date.accessioned | 2017-10-23T02:37:57Z | - |
dc.date.available | 2017-10-23T02:37:57Z | - |
dc.date.created | 2017-10-06 | - |
dc.date.created | 2017-10-06 | - |
dc.date.issued | 2017-10 | - |
dc.identifier.citation | Oxford Economic Papers, v.69, no.4, pp.870 - 896 | - |
dc.identifier.issn | 0030-7653 | - |
dc.identifier.uri | http://hdl.handle.net/10203/226618 | - |
dc.description.abstract | The nature of conspicuous consumption can be understood by exploring the channels through which income inequality affects conspicuous consumption. We develop a simple model where comparison references are determined through social interactions and demonstrate: (1) a negative relationship between income inequality and the average level of conspicuous consumption; and (2) a positive relationship between income inequality and the variance of conspicuous consumption. We empirically test these hypotheses using US state-level panel data. We find that a one-standard-deviation increase in the Gini coefficient decreases households' conspicuous expenditure by about 5%. We also find that higher income inequality increases between-household inequality in conspicuous expenditure. | - |
dc.language | English | - |
dc.publisher | Oxford University Press | - |
dc.subject | HEALTH-CARE EXPENDITURES | - |
dc.subject | LUXURY | - |
dc.subject | MARKET | - |
dc.title | Conspicuous consumption and income inequality | - |
dc.type | Article | - |
dc.identifier.wosid | 000412304800002 | - |
dc.identifier.scopusid | 2-s2.0-85031733668 | - |
dc.type.rims | ART | - |
dc.citation.volume | 69 | - |
dc.citation.issue | 4 | - |
dc.citation.beginningpage | 870 | - |
dc.citation.endingpage | 896 | - |
dc.citation.publicationname | Oxford Economic Papers | - |
dc.identifier.doi | 10.1093/oep/gpw060 | - |
dc.contributor.localauthor | Hwang, Sung-Ha | - |
dc.contributor.nonIdAuthor | Lee, Jungmin | - |
dc.description.isOpenAccess | N | - |
dc.type.journalArticle | Article | - |
dc.subject.keywordPlus | HEALTH-CARE EXPENDITURES | - |
dc.subject.keywordPlus | LUXURY | - |
dc.subject.keywordPlus | MARKET | - |
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