Wealth Distribution Dynamics with Status Preference : asymmetric motivations for status
Wealth Distribution Dynamics with Status Preference : asymmetric motivations for status
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具有地位偏好的财富分配动态：地位的不对称动机
DOI：
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发表时间：
2013
期刊：
影响因子：
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通讯作者：
Y. Hatta
中科院分区：
文献类型：
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作者：
Y. Hatta
本文探讨了财富中地位追求行为对经济动态的影响。我摆脱了传统的地位偏好设置。也就是说，与财富较低的人相比，财富较高的人的行为不同；拥有不同财富的代理人对社会地位的动机是不对称的：从数学上讲，在地位效用上存在一个扭结，这是经验证明的。主要结果如下：经济中等量稳定状态的稳定性取决于哪些主体具有更高的地位动机。根据参数值，确定不平等是否会减少或持续。由于动机不对称，不平等和产出之间存在复杂的关系。
This paper explores the implications of status-seeking behavior in wealth for economic dynamics. I move away from the conventional setup of status preference. That is, individuals with higher wealth behave differently as compared to those with lower wealth; agents with different wealth have asymmetric motivations for social status: mathematically, there is a kink in status utility, which is empirically suggested. The main results are as follows: the stability of the equal steady state in an economy is determined by which agents have higher motivations for status. Depending on parameter values, whether inequality may diminish or persist is determined. Inequality and output are intricately related, due to asymmetric motivations.