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.

Download full-text PDF

Source
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC5097102PMC
http://dx.doi.org/10.1007/s11205-015-1158-4DOI Listing

Publication Analysis

Top Keywords

income inequality
16
positional goods
16
income
7
goods
5
positional
5
inequality income
4
income internet
4
internet searches
4
searches status
4
status goods
4

Similar Publications

Want AI Summaries of new PubMed Abstracts delivered to your In-box?

Enter search terms and have AI summaries delivered each week - change queries or unsubscribe any time!