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Income Inequality, Income, and Internet Searches for Status Goods: A Cross-National Study of the Association Between Inequality and Well-Being.

Authors :
Walasek, Lukasz
Brown, Gordon
Source :
Social Indicators Research; Dec2016, Vol. 129 Issue 3, p1001-1014, 14p
Publication Year :
2016

Abstract

Is there a positive association between a nation's income inequality and concerns with status competition within that nation? Here we use Google Correlate and Google Trends to examine frequency of internet search terms and find that people in countries in which income inequality is high search relatively more frequently for positional brand names such as Prada, Louis Vuitton, or Chanel. This tendency is stronger among well-developed countries. We find no evidence that income alone is associated with searches for positional goods. We also present evidence that the concern with positional goods does not reflect non-linear effects of income on consumer spending, either across nations or (extending previous findings that people who live in unequal US States search more for positional goods) within the USA. It is concluded that income inequality is associated with greater concerns with positional goods, and that this concern is reflected in internet searching behaviour. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
03038300
Volume :
129
Issue :
3
Database :
Complementary Index
Journal :
Social Indicators Research
Publication Type :
Academic Journal
Accession number :
119283186
Full Text :
https://doi.org/10.1007/s11205-015-1158-4