Fershtman, Chaim; Hvide, Hans K.; Weiss, Yoram - In: The economics of immigration and social diversity, (pp. 361-396). 2006
A well-documented human tendency is to compare outcomes with others, trying to outperform them. These tendencies vary across cultures and among different individuals in a given society. To understand the implications of such diversity in status considerations on wages, contracts, sorting and...
