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The Status-Enhancing Power of Sociability

Listed author(s):
  • Alessandro Bucciol

    ()

    (Department of Economics, University of Verona, Italy)

  • Simona Cicognani

    (Department of Economics, University of Verona, Italy; The Rimini Centre for Economic Analysis)

  • Luca Zarri

    (Department of Economics, University of Verona, Italy)

This paper shows that individuals' sociability plays an important role in explaining where individuals locate themselves in the social ladder, also when their objective location within society (measured through their income, wealth and education) is considered. Using data from the US Health and Retirement Study, we assess individuals' sociability through the number and quality of friendships and attitude towards others (support, social cohesion, reciprocity, cynical hostility, loneliness and discrimination). We find subjective social status to correlate positively with social contact, reciprocity and social cohesion. Individuals with higher life satisfaction seem disconnected from objective elements when subjectively evaluating their social status.

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File URL: http://www.rcea.org/RePEc/pdf/wp17-15.pdf
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Paper provided by The Rimini Centre for Economic Analysis in its series Working Paper Series with number 17-15.

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Date of creation: Jul 2017
Handle: RePEc:rim:rimwps:17-15
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