Conspicuous Consumption, Social Status and Measures of Poverty – An Example

Sugata Marjit and Biswajit Mandal

MPRA Paper from University Library of Munich, Germany

Abstract: The existing literature on poverty has discussed about the conflict between income-based measure and nutrition-based measure. However, the role of social inequality in influencing individual’s consumption and inducing greater consumption of the so called status good has been relatively undermined. This paper attempts to show that in presence of inequality a status driven utility function reconciles the conflict between income based and nutrition based measures of poverty.

Keywords: Inequality; Utility; Poverty (search for similar items in EconPapers)
JEL-codes: D11 D63 I3 I32 (search for similar items in EconPapers)
Date: 2011-01, Revised 2011-04
New Economics Papers: this item is included in nep-pke
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