income growth, wealth inequality and political participation. We predict that developing countries will tend to overinvest in … and general education, with a superior social status attached to general. The resulting dynamic political equilibrium is …

second stage suggest that every one percent increase in trade (relative to GDP) raises income per capita by roughly 1/3 of a …

Poor families around the world spend a large fraction of their income on consumption of goods that appear to be useless … trade-off between conspicuous consumption and human capital as signals for unobserved income, under the assumption that … individuals care about their status. Despite homothetic preferences, this trade-off gives rise to a convex saving function, which …

education instead. The theory hence predicts that the social status of the family has a significant impact on educational choice …

We suggest a parsimonious dynamic agency model in which workers have status concerns. A firm is a promotion hierarchy … in which a worker’s status depends on past performance. We investigate the optimality of two types of promotion …

with top income levels, consistent with status-maintaining explanations for our primary finding. Non-rich households …Using state-level variation over time in the top deciles of the income distribution, we observe that non …-rich households consume a larger share of their current income when exposed to a higher top income and consumption levels. We argue …

Crowding-out during the British Industrial Revolution has long been one of the leading explanations for slow growth …, and that the magnitude of the effect is important enough to explain at least partly why British growth during the period …