Bilancini, Ennio; Boncinelli, Leonardo - In: Journal of Public Economics 96 (2012) 9-10, pp. 651-657
We study the impact of redistributive policies when agents can signal their social status by spending on a conspicuous … good. Our focus is on how the shape of the status function – i.e., how social status is computed and evaluated – can affect … because under cardinal status there is an additional effect: a lesser degree of inequality decreases the value of social …