Social Status and Economic Performance: A Survey
AbstractThis 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.
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Bibliographic InfoPaper provided by Tel Aviv in its series Papers with number 19-97.
Length: 17 pages
Date of creation: 1997
Date of revision:
Contact details of provider:
Postal: Israel TEL-AVIV UNIVERSITY, THE FOERDER INSTITUTE FOR ECONOMIC RESEARCH, RAMAT AVIV 69 978 TEL AVIV ISRAEL.
Web page: http://econ.tau.ac.il/research/foerder.asp
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WEALTH ; WAGES;
Other versions of this item:
- Yoram Weiss & Chaim Fershtman, 1997. "Social Status and Economic Performance: A Survey," University of Chicago - George G. Stigler Center for Study of Economy and State 139, Chicago - Center for Study of Economy and State.
- A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
- A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
- J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
- E20 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
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