The Equilibrium Distribution of Income and the Market for Status
By G. Becker, Kevin M. Murphy, I. Werning. Journal of Political Economy, 2005
179 citations recorded by the source corpus.
Subfields: Accounting, Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/5975833f77d1567956f2f296b06113daac07651f
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Accounting
In Economics and Econometrics
- Garance Genicot
- Larry Samuelson
- Arthur J. Robson
- Erzo F. P. Luttmer
- Debraj Ray
- Pierre Chandon
- I. Barankay
- Marcel Fafchamps
Citations in the corpus
- Getting Ahead of the Joneses: When Equality Increases Conspicuous Consumption among Bottom-Tier Consumers (2011, background): “…by imposing measures such as progressive consumption taxes, which penalize high levels of consumption but not high levels of savings, or luxury taxes, which penalize specific status-conferring consumption such as purchases of high-end cars or boats (Becker, Murphy, and Werning 2005; Frank 1985b).”
- Neighbors as Negatives: Relative Earnings and Well-Being (2005, background): “…variable for renting.21 Usual working hours has an insignificant negative effect, unemployment status has a large and significant negative effect while a dummy for being out of the labor force has a significant positive effect on happiness.22 The other demographic controls yield few surprising…”
- Aspirations and Inequality (2014, background): “In a different context, Becker, Murphy, and Werning (2005) and Ray and Robson (2012) argue that endogenous risk-taking can also serve to disrupt equality, as relative status-seeking effectively “convexifies” the utility function at high levels of clustering.”
- The Evolutionary Foundations of Preferences (2011, background): “Additional points of entry into the large literature include Becker, Murphy and Werning [10], Frank [47], and Ray and Robson [113].”
- Rank Incentives: Evidence from a Randomized Workplace Experiment (2012, background): “…on insights in sociology and social psychology (Festinger, 1954), there is now a rich theory in economics on the role of self-image (Benabou and Tirole, 2003, Koszegi, 2006), social status (e.g. Robson, 1992, Becker et al, 2005, Ellingsen and Johannesson, 2007, Frey, 2007, Moldovanu, et al, 2007, 6”