Keeping Up With the Joneses: Analyzing the Effect of Income Inequality on Consumer Borrowing

By Markus Christen, Ruskin M. Morgan. 2005

240 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/4739c969710c9918a7a8d944533bad78220be360

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Citations in the corpus

Conspicuous Consumption, Inequality and Debt: The Nature of Consumption‐driven Profit‐led Regimes (2015, unknown): “Moreover, this supply side view is at odds with the already mentioned empirical evidence provided by Christen and Morgan (2005) concerning the strong relationship between income inequality and credit growth.”
Did Inequality Cause the U.S. Financial Crisis (2014, unknown): “Christen and Morgan (2005) use aggregate times data for the period 1980-2003 and find a strong positive effect of income inequality on household debt relative to disposable income, while controlling for a set of other variables.”
Getting Ahead of the Joneses: When Equality Increases Conspicuous Consumption among Bottom-Tier Consumers (2011, unknown): “…savings and high consumption, especially conspicuous consumption, are most harmful to low-income households (Bagwell and Bernheim 1996; Knell 1999), this pattern has intensified over the past 20 years because of growing income and consumption inequality (Christen and Morgan 2005; Zhu, forthcoming).”
How Economic Contractions and Expansions Affect Expenditure Patterns (2012, background): “…in the marketing literature, Rucker and Galinsky (2008) showed that low power can increase consumers’ willingness to pay for status-related products; Christen and Morgan (2005) showed that, as a result of conspicuous consumption, rising income inequality forced households with smaller income gains…”
Individuals, interactions and institutions: How economic inequality affects organizations (2015, background): “This broader conceptualization would include related inequalities, such as inequalities in consumption (Christen and Morgan, 2005), education (Thomas et al., 2002), health (Marmot et al., 1991), social status (Durante et al., 2012) and political freedom (Hacker and Pierson, 2005).”