Economy and Social Status: Methods for Empirically Determining Status Effects on Ratio Satisfaction of Income

Teodor Sedlarski

Nauchni trudove, 2019, issue 5, 143-159

Abstract: This articles summarizes the empirical study methods of the social status comparisons effects on subjective material well-being. The possibility to empirically check hypotheses about the impact of social status on economic behavior enables the inclusion of status into modern mainstream economic analysis.

Keywords: social status; Veblen effects; relative deprivation; subjective well-being (search for similar items in EconPapers)
JEL-codes: B59 D91 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:nwe:natrud:y:2019:i:5:p:143-159

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