Gambling to leapfrog in status?
Publikation: Beiträge in Zeitschriften › Zeitschriftenaufsätze › Forschung › begutachtet
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in: Review of Economics of the Household, Jahrgang 15, Nr. 4, 01.12.2017, S. 1291 - 1319.
Publikation: Beiträge in Zeitschriften › Zeitschriftenaufsätze › Forschung › begutachtet
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TY - JOUR
T1 - Gambling to leapfrog in status?
AU - Friehe, Tim
AU - Mechtel, Mario
PY - 2017/12/1
Y1 - 2017/12/1
N2 - 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.
AB - 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.
KW - Behavioral economics
KW - Conspicuous consumption
KW - Gambling
KW - Relative income
KW - Status
KW - Economics
KW - Conspicuous consumption
KW - Status
KW - Relative income
KW - Gambling
KW - Behavioral economics
UR - http://www.scopus.com/inward/record.url?scp=84940068967&partnerID=8YFLogxK
U2 - 10.1007/s11150-015-9306-9
DO - 10.1007/s11150-015-9306-9
M3 - Journal articles
AN - SCOPUS:84940068967
VL - 15
SP - 1291
EP - 1319
JO - Review of Economics of the Household
JF - Review of Economics of the Household
SN - 1569-5239
IS - 4
ER -