search query: @author Jeanne, O. / total: 12
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| Author: | Corneo, G. Jeanne, O. |
| Title: | Social organization, status, and savings behavior |
| Journal: | Journal of Public Economics
1998 : OCT, VOL. 70:1, p. 37-52 |
| Index terms: | SOCIETY ORGANIZATIONS SAVINGS |
| Language: | eng |
| Abstract: | The authors develop a model of status seeking in the presence of incomplete information and derive its implications for aggregate savings. Status seeking endogenously takes the form of conspicuous consumption. Its impact on savings depends on the scheduling of the contests for status over the life cycle. If individuals engage in conspicuous consumption when old, aggregate savings are increased. The authors also study the role of social segmentation. |
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