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

Author

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  • Teodor Sedlarski

    (University of National and World Economy, Sofia, Bulgaria)

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.

Suggested Citation

  • Teodor Sedlarski, 2019. "Economy and Social Status: Methods for Empirically Determining Status Effects on Ratio Satisfaction of Income," Nauchni trudove, University of National and World Economy, Sofia, Bulgaria, issue 5, pages 143-159, December.
    • Handle: RePEc:nwe:natrud:y:2019:i:5:p:143-159
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    File URL: http://unwe-research-papers.org/bg/journalissues/article/10209
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    More about this item

    Keywords

    social status; Veblen effects; relative deprivation; subjective well-being;
    All these keywords.

    JEL classification:

    • B59 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Other
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making

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