The influence premium of monetary rank

Andrea Martinangeli and Biljana Meiske

Working Papers from Max Planck Institute for Tax Law and Public Finance

Abstract: The transmission of adaptively valuable behaviours requires successful individuals to exert greater influence on others’ actions. Hierarchical social organisations ease the recognition of successful, higher ranked individuals in a group, and hence facilitate this process. We investigate whether purely monetary rank, defined exclusively in terms of the amount of resources held by an individual, is capable, in isolation of any other intervening mechanism, to grant greater influence over others’ choices. Among a representative sample of the German population, we find that high monetary rank grants individuals greater influence over others’ actions.

Keywords: Inequality; status; social; influence; ability (search for similar items in EconPapers)
JEL-codes: C91 D02 D31 (search for similar items in EconPapers)
Pages: 43
Date: 2022-06
New Economics Papers: this item is included in nep-eur
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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