Status and income inequality in a knowledge economy

Baochun Peng

doi:10.1007/s10888-014-9274-y

Status and income inequality in a knowledge economy

Baochun Peng

Research output: Journal article publication › Journal article › Academic research › peer-review

1 Citation (Scopus)

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.

Original language	English
Pages (from-to)	581-595
Number of pages	15
Journal	Journal of Economic Inequality
Volume	12
Issue number	4
DOIs	https://doi.org/10.1007/s10888-014-9274-y
Publication status	Published - 1 Jan 2014

Keywords

Growth
Happiness
Inequality
Knowledge economy
Status

ASJC Scopus subject areas

Sociology and Political Science
Economics, Econometrics and Finance(all)
Organizational Behavior and Human Resource Management

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

More information

10.1007/s10888-014-9274-y

Cite this

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AB - 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.

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KW - Happiness

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KW - Status

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Status and income inequality in a knowledge economy

Abstract

Keywords

ASJC Scopus subject areas

UN SDGs

More information

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