Chapter 3. Preferences for Status : Evidence and Economic Implications

This chapter brings together some of the recent empirical and experimental evidence regarding preferences for social status. While briefly reviewing evidence from different literatures that is consistent with the existence of preferences for status, we pay special attention to experimental work that attempts to study status directly by inducing it in the lab. Finally, we discuss some economic implications.

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Year of publication:	2011
Authors:	Heffetz, Ori ; Frank, Robert H.
Published in:	Handbook of social economics : volume 1. - Amsterdam : Elsevier/North-Holland, ISBN 0-444-53713-9. - 2011, p. 69-91
Subject:	Preferences for status \| positional concerns \| subjective well-being \| conspicuous consumption \| positional externalities \| relative income \| status experiments \| Sozialer Status \| Social status \| Zufriedenheit \| Satisfaction \| Experiment \| Nachfrageinterdependenz \| Interdependent preferences \| Einkommen \| Income \| Externer Effekt \| Externalities \| Konsumentenverhalten \| Consumer behaviour