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The Quest for Economic Stability: Roosevelt to Reagan
Authors:Thomas R DeGregori
Institution:University of Houston
Abstract:We investigate whether positional concerns (Veblen 1899] 1970; Hirsch, 1976) vary along several dimensions and domains, namely goods vs. bads, private vs. public, oneself vs. oneself s children, socially visible vs. nonsocially visible. Using a hypothetical survey in France, we replicate the empirical strategy of Solnick and Hemenway (1998; 2005) and test a larger set of socio-demographic variables that can be related to positional concerns. Despite some differences, our results are mostly consistent with those of Solnick and Hemenway (1998; 2005). We emphasize some policy implications.
Keywords:behavioral economics  position  status
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