Social Status and Economic Performance: A Survey

Yoram Weiss and Chaim Fershtman ()

Working Papers from Tel Aviv

Abstract: This survey combines ideas and results from sociology and economics, recognizing that economic decisions are often shaped by social concerns and influences. Based on the sociological literature, we define social status and describe its measurement. We then describe the role of social status in economic analysis of saving and consumption, wages and economic growth. We review recent work on status determination in equilibrium, including evolutionary models. We conclude with some remarks on the need for further interaction between sociology and economics.

Keywords: WEALTH; WAGES (search for similar items in EconPapers)
JEL-codes: A12 A14 E20 J20 (search for similar items in EconPapers)
Pages: 17 pages
Date: 1997
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Citations: View citations in EconPapers (3)

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Journal Article: Social status and economic performance:: A survey (1998)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:teavfo:19-97

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