Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/17868
Title: Status and income inequality in a knowledge economy
Authors: Peng, B
Keywords: Growth
Happiness
Inequality
Knowledge economy
Status
Issue Date: 2014
Journal: The Journal of Economic Inequality 
Abstract: This paper models a market for status contained in a knowledge economy. Technological progress favours the knowledge sector and inequality of income rises with productivity. We show that the expected utility of all agents can fall while output and productivity grow; and such an outcome of "immiserizing growth" hinges crucially upon the combination of concern for status and technology-induced rises in inequality.
URI: http://hdl.handle.net/10397/17868
ISSN: 1569-1721
DOI: 10.1007/s10888-014-9274-y
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