Gambling to leapfrog in status?

Publikation: Beiträge in ZeitschriftenZeitschriftenaufsätzeForschungbegutachtet

Authors

This paper tests our theoretical prediction that households with positional concerns use gambling to attempt leapfrogging in the social hierarchy. We rely on household data that is representative for Germany and proxy the households’ positional concerns by their expenditures for conspicuous consumption. Our empirical results strongly indicate that households who care about status are not only more likely to participate in gambling but also to invest more in gambling.
OriginalspracheEnglisch
ZeitschriftReview of Economics of the Household
Jahrgang15
Ausgabenummer4
Seiten (von - bis)1291 - 1319
Anzahl der Seiten29
ISSN1569-5239
DOIs
PublikationsstatusErschienen - 01.12.2017

    Fachgebiete

  • Behavioral economics, Conspicuous consumption, Gambling, Relative income, Status
  • Volkswirtschaftslehre

DOI

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