On limiting the market for status signals
TLDR
In this paper, the impacts of tax policy and benefits on the signalling equilibrium are considered, and the benefits of a Pareto-improving tax policy are discussed. But the authors do not consider the impact of tax on the signaling equilibrium.About:
This article is published in Journal of Public Economics.The article was published on 1994-01-01 and is currently open access. It has received 265 citations till now. The article focuses on the topics: Tax policy & Inefficiency.read more
Citations
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Advertising to Status-Conscious Consumers
TL;DR: In this article, the authors developed a simple, social theory of advertising in a setting where consumers care about social status and showed that in equilibrium, advertising affects willingness to pay by increasing the stigma of consumers who don't buy and promoting widespread recognition of those who do.
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Fortunes of Dragons: Cohort Size Effects on Life Outcomes
TL;DR: This article studied the life outcomes of large birth cohorts created by the Chinese superstitious practice of zodiac birth timing, where parents prefer to give birth in the year of the Dragon, where the average number of births jumps by 9.7% in Dragon years among the Chinese majority and no similar patterns detected among non-Chinese minorities.
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Putting a price tag on others’ perceptions of us
Yohanes E. Riyanto,Jianlin Zhang +1 more
TL;DR: In this article, the authors evaluate whether or not people care about the imputed judgment of anonymous others arising from their imagination of their perceptions and show that in an environment in which the perceptions of others are only conveyed to participants anonymously and privately, self-interested individuals exhibited strong negative perception avoidance even though the perceptions have no impact on their monetary payoff.
Posted Content
Social Status Concerns and the Political Economy of Publicly Provided Private Goods
TL;DR: In this paper, the authors analyze the political economy of the public provision of private goods when individuals care about their social status and characterize the coalitions that can prevail in a political equilibrium.
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Social Status and Inequality in an Integrated Walrasian-General Equilibrium and Neoclassical-Growth Theory *
TL;DR: In this article, the authors deal with interactions between social status, economic growth and income and wealth distribution in an economic growth model of heterogeneous households with economic structure and identify the existence of a unique stable equilibrium point.
References
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An Economic Model of Welfare Stigma
TL;DR: In this paper, the authors model the negative self-characterizations of welfare recipients as a form of social stigma, and use a utility maximization model to predict the impact of welfare programs on the low-income population.
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Are Workers Paid their Marginal Products
TL;DR: In this paper, the authors examine a variety of empirical evidence that relates to this proposition about the firm's internal wage structure and conclude that the competitive wage structure within a firm must be one in which individual wage differences understate individual differences in marginal products.
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Public provision of private goods and the redistribution of income
Timothy Besley,Stephen Coate +1 more