Inequality and growth in the presence of competition for status

Ed Hopkins; Tatiana Kornienko

doi:10.1016/j.econlet.2006.05.017

Inequality and growth in the presence of competition for status

Ed Hopkins, Tatiana Kornienko

School of Economics

Research output: Contribution to journal › Article › peer-review

Abstract

We investigate a simple endogenous growth model where agents care about their social status. As greater equality tends to provide greater incentives to differentiate oneself, redistribution may increase wasteful competitive consumption and lead to lower growth.

Original language	English
Pages (from-to)	291-296
Number of pages	6
Journal	Economics Letters
Volume	93
Issue number	2
DOIs	https://doi.org/10.1016/j.econlet.2006.05.017
Publication status	Published - Nov 2006

Keywords / Materials (for Non-textual outputs)

status
inequality
growth
consumption externalities
heterogenous agents

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10.1016/j.econlet.2006.05.017

Inequality and Growth in the Presence of Competition for Status
Hopkins, E. & Kornienko, T., Aug 2005, Edinburgh School of Economics, University of Edinburgh, (ESE Discussion Papers).
Research output: Working paper › Discussion paper

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title = "Inequality and growth in the presence of competition for status",

abstract = "We investigate a simple endogenous growth model where agents care about their social status. As greater equality tends to provide greater incentives to differentiate oneself, redistribution may increase wasteful competitive consumption and lead to lower growth.",

keywords = "status, inequality, growth, consumption externalities, heterogenous agents",

author = "Ed Hopkins and Tatiana Kornienko",

year = "2006",

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language = "English",

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AU - Kornienko, Tatiana

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AB - We investigate a simple endogenous growth model where agents care about their social status. As greater equality tends to provide greater incentives to differentiate oneself, redistribution may increase wasteful competitive consumption and lead to lower growth.

KW - status

KW - inequality

KW - growth

KW - consumption externalities

KW - heterogenous agents

U2 - 10.1016/j.econlet.2006.05.017

DO - 10.1016/j.econlet.2006.05.017

M3 - Article

VL - 93

SP - 291

EP - 296

JO - Economics Letters

JF - Economics Letters

IS - 2

ER -

Inequality and growth in the presence of competition for status

Abstract

Keywords / Materials (for Non-textual outputs)

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Research output

Inequality and Growth in the Presence of Competition for Status

Cite this