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Social status pursuit, distribution of bequests and inequality

Abstract : The quest for social status modifies lifetime decisions and as a consequence, the trajectory of the overall economy. Focusing on the relative wealth dimension of social status, we build a two-period overlapping generations model with heterogeneous agents to investigate the effects of status quest on the evolution of bequest distribution and household inequality. We show that the bequest motive and the concern for social status not only increase the stationary level of capital but also enhance the household equality.
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https://halshs.archives-ouvertes.fr/halshs-02973008
Contributor : Caroline Bauer <>
Submitted on : Tuesday, October 20, 2020 - 5:58:27 PM
Last modification on : Tuesday, January 19, 2021 - 11:09:09 AM

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Carmen Camacho, Fatih Harmankaya, Cagri Saglam. Social status pursuit, distribution of bequests and inequality. Economic Modelling, Elsevier, 2020, 86, pp.183-191. ⟨10.1016/j.econmod.2019.06.010⟩. ⟨halshs-02973008⟩

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