Conspicuous Consumption, Social Status and Measures of Poverty – An Example
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.
|Date of creation:||Jan 2011|
|Date of revision:||Apr 2011|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Fafchamps, Marcel & Shilpi, Forhad, 2006.
"Subjective Welfare, Isolation and Relative Consumption,"
CEPR Discussion Papers
6002, C.E.P.R. Discussion Papers.
- Fafchamps, Marcel & Shilpi, Forhad, 2008. "Subjective welfare, isolation, and relative consumption," Journal of Development Economics, Elsevier, vol. 86(1), pages 43-60, April.
- Ed Hopkins & Tatiana Kornienko, 2010.
"Which Inequality? The Inequality of Endowments versus the Inequality of Rewards,"
American Economic Journal: Microeconomics,
American Economic Association, vol. 2(3), pages 106-137, August.
- Hopkins, Ed & Kornienko, Tatiana, 2008. "Which Inequality? The Inequality of Endowments Versus the Inequality of Rewards," SIRE Discussion Papers 2008-13, Scottish Institute for Research in Economics (SIRE).
- Ed Hopkins & Tatiana Kornienko, 2008. "Which Inequality? The Inequality of Endowments Versus the Inequality of Rewards," ESE Discussion Papers 185, Edinburgh School of Economics, University of Edinburgh.
- Christian Ghiglino & Sanjeev Goyal, 2010.
"Keeping Up with the Neighbors: Social Interaction in a Market Economy,"
Journal of the European Economic Association,
MIT Press, vol. 8(1), pages 90-119, 03.
- Ghiglino, Christian & Goyal, Sanjeev, 2008. "Keeping up with the neighbours: social interaction in a market economy," Economics Discussion Papers 3002, University of Essex, Department of Economics.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:33745. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter)
If references are entirely missing, you can add them using this form.