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

Authors

  • Assoc. Prof. Dr Teodor Sedlarski Department of Economics, Faculty of General Economics, UNWE Author

Keywords:

Veblen effect, Subjective well-being, Social status, Relative deprivation
B59, D91

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.

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Published

2020-03-06

Issue

No. 5 (2019)

Section

Articles

License

Copyright (c) 2019 Teodor Sedlarski (Author)

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Authors retain copyright to their works.

All publications are distributed under the terms of the Creative Commons Attribution 4.0 International (CC BY 4.0) license.

How to Cite

Sedlarski, T. (2020). Economy and Social Status: Methods for Empirically Determining Status Effects on Ratio Satisfaction of Income. Research Papers, 5, 143-159. https://bjiep.e-dnrs.org/index.php/rp/article/view/5418