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Cover for EFFECT OF INCOME INEQUALITY ON HOUSEHOLDS' DESIRE TO LIVE BEYOND THEIR MEANS IN THE UNITED STATES
dc.contributor.advisorLarrimore, Jeffen
dc.creatoren
dc.date.accessioned2013-05-02T18:45:38Zen
dc.date.available2013-05-02T18:45:38Zen
dc.date.created2012en
dc.date.issueden
dc.date.submitted01/01/2012en
dc.identifier.otherAPT-BAG: georgetown.edu.10822_557836.tar;APT-ETAG: 9535c20d09f683dc7161a7ed300619c1; APT-DATE: 2017-02-15_16:45:05en
dc.identifier.urien
dc.descriptionM.P.P.en
dc.description.abstractThis paper shows that, consistent with Veblen's signaling-by-consuming model, rising income inequality contributes to an increase in household conspicuous consumption. We use the Consumer Expenditures Survey (CEX) and state-level income inequality data across six different years (1994, 1995, 1998, 1999, 2002 and 2003) to estimate the impact of income inequality on conspicuous consumption at different points along the income distribution. The various goods and services consumed annually by households are divided into two categories, visible and invisible, based on their Vindex (Heffetz 2004), a measure ranking the visibility of consumer expenditures. We explore the varying effects of income inequality and provide evidence linking it with households' decisions to spend beyond their means in order to maintain their relative standing in society.en
dc.formatPDFen
dc.format.extent32 leavesen
dc.languageenen
dc.publisherGeorgetown Universityen
dc.sourceGeorgetown University-Graduate School of Arts & Sciencesen
dc.sourcePublic Policy & Policy Managementen
dc.subjectconspicuousen
dc.subjectconsumptionen
dc.subjectexpenditureen
dc.subjectincomeen
dc.subjectinequalityen
dc.subjectspendingen
dc.subject.lcshPublic policyen
dc.subject.lcshEconomicsen
dc.subject.lcshSocial psychologyen
dc.subject.otherPublic policyen
dc.subject.otherEconomicsen
dc.subject.otherSocial psychologyen
dc.titleEFFECT OF INCOME INEQUALITY ON HOUSEHOLDS' DESIRE TO LIVE BEYOND THEIR MEANS IN THE UNITED STATESen
dc.typethesisen


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