Falling Behind: How Rising Inequality Harms the Middle Class

By R. Frank. 2007

424 citations recorded by the source corpus.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/8c05734f8af41ae1a5b0dcf75ccc11c72a29b7da

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Citations in the corpus

Does income inequality cause health and social problems (2011, background): “But he (Frank, 2007: xiii) defended the theory by arguing that there is a ‘chain of local comparisons’ which, starting from the very top, affects the thoughts, attitudes and behaviours of people at all levels.”
Wage stagnation, rising inequality and the financial crisis of 2008. (2013, background): “This pressure was reinforced by the advertising and programming that continually keep the consumption standards of the rich and famous on public display (See Schor 1998; Frank 2007).”
Tourism development and happiness: A residents’ perspective (2016, background): “However, the perception of an individual’s life experience is also related to the situation of others (Frank, 2007; Kahneman & Deaton, 2010; Sen, 1999).”
When the Joneses’ consumption hurts : Optimal public good provision and nonlinear income taxation (2008, background): “For example, Frank (2007) argues that the middle class in the U.S. has suffered severely from the positional arms race, and in order to analyze more than two classes we clearly need a richer set-up.”
The Concept of Subjective Well-being in Housing Research (2017, neutral): “For example, if house size is a positional good (as several studies have proposed; Foye, 2016; Leguizamon and Ross, 2010; Frank, 2013), then a substantial portion of the well-being that individuals derive from an increase in house size will be attributable to the social status that a larger house…”
Building a Sustainable and Desirable Economy-in-Society-in-Nature (2013, background): “As Robert Frank has argued [31], economic growth beyond a certain point sets up a “positional arms race” that changes the consumption context and forces everyone to consume too much of positional goods (like houses and cars) at the expense of nonmarketed, nonpositional goods and services from natura”
When Does Economic Growth Improve Life Satisfaction? Multilevel Analysis of the Roles of Social Trust and Income Inequality in 46 Countries, 1981–2012 (2017, background): “…well-being, on inequality and subjective well-being, and on economic growth, inequality and social capital (Cleaver, 2005; Brady et al., 2007; Frank, 2007; Bartolini et al., 2013a,b; Bartolini and Sarracino, 2014; Ono and Lee, 2013; Rözer and Kraaykamp, 2013; Josten, 2004; Zagorski et al.,…”
The Emergence of a Finance Culture in American Households, 1989-2007 (2015, background): “As the share of income and wealth at the top of the distribution increased, it heightened pressures on those below to try to keep up (Frank, 2007; Charles and Lundy (2012).”
Did Inequality Cause the U.S. Financial Crisis (2014, neutral): “…have essentially anticipated the Rajan hypothesis since the 1980s, when inequality started to soar again in the United States (e.g. Pollin, 1988; Palley, 1994, 2002; Frank, 1999, 2007; Boushey and Weller, 2006; Dutt, 2006; Cynamon and Fazzari, 2008; Barba and Pivetti, 2009; Horn et al., 2009).”
Getting Ahead of the Joneses: When Equality Increases Conspicuous Consumption among Bottom-Tier Consumers (2011, background): “A related stream of research (Frank 1989, 2007; Hsee, Rottenstreich, and Xiao 2005) focuses on the role of satisfaction with one’s current possessions (which is different from envy) and of learning from the behavior of others (as opposed to competing with them).”