Social status pursuit, distribution of bequests and inequality

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buir.contributor.authorHarmankaya, Fatih
buir.contributor.authorSağlam, Çağrı
dc.citation.epage191en_US
dc.citation.spage183en_US
dc.citation.volumeNumber86en_US
dc.contributor.authorCamacho, C.
dc.contributor.authorHarmankaya, Fatih
dc.contributor.authorSağlam, Çağrı
dc.date.accessioned2021-02-20T15:59:37Z
dc.date.available2021-02-20T15:59:37Z
dc.date.issued2020
dc.departmentDepartment of Economicsen_US
dc.description.abstractThe 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.en_US
dc.description.provenanceSubmitted by Evrim Ergin (eergin@bilkent.edu.tr) on 2021-02-20T15:59:37Z No. of bitstreams: 1 Social_status_pursuit_distribution_of_bequests_and_inequality.pdf: 388511 bytes, checksum: ff597b9c59c522e734d7617dff814b37 (MD5)en
dc.description.provenanceMade available in DSpace on 2021-02-20T15:59:37Z (GMT). No. of bitstreams: 1 Social_status_pursuit_distribution_of_bequests_and_inequality.pdf: 388511 bytes, checksum: ff597b9c59c522e734d7617dff814b37 (MD5) Previous issue date: 2020-03-01en
dc.embargo.release2023-03-01
dc.identifier.doi10.1016/j.econmod.2019.06.010en_US
dc.identifier.issn0264-9993
dc.identifier.urihttp://hdl.handle.net/11693/75511
dc.language.isoEnglishen_US
dc.publisherElsevieren_US
dc.relation.isversionofhttps://dx.doi.org/10.1016/j.econmod.2019.06.010en_US
dc.source.titleEconomic Modellingen_US
dc.subjectReference dependent utilityen_US
dc.subjectBequestsen_US
dc.subjectSocial statusen_US
dc.subjectHousehold inequalityen_US
dc.titleSocial status pursuit, distribution of bequests and inequalityen_US
dc.typeArticleen_US

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