Status Buying Responses in a Survey of Students and Variations in Informational Levels
AbstractThis article reports on a survey of a large number of undergraduate students in the U.S. They were queried about whether they preferred living in a society where they had high relative income (status) but low purchasing power or a society where they have low status, but high purchasing power.While the overwhelming majority indicate a desire to buy status, the information given about intergenerational mobilty and amenities like health available in the different socities makes a big difference in the responses. The data indicate that that the majority desiring to buy status disappears with better information.
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Bibliographic InfoPaper provided by ICER - International Centre for Economic Research in its series ICER Working Papers with number 21-2004.
Length: 26 pages
Date of creation: Sep 2004
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-02-13 (All new papers)
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