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Social inclusion through social status and the emergence of development traps

机译:社会包容性通过社会地位和发展陷阱的出现

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This paper investigates the long-run implications of concerns for status when heterogeneous agents care about their relative consumption with respect to an endogenous benchmark consumption of their reference group. Agents endogenously choose whether to enter the rat race to consume the benchmark level of a social participation, status, good to gain access to socially advantaged and privileged groups because relative consumption determines agents' relative position in society which is ultimately instrumental in the accumulation of wealth and absolute consumption. The dynamical analysis predicts that increases in mean incomes and reductions in inequality over the long-run process of development foster the competition for status, raise the cost of access to the reference group and drive the onset of multiple stable steady-state equilibria. This mechanism governs the endogenous transition from a Solovian-type stage to a development traps equilibrium at which the poorest dynasties are excluded from the reference group and trapped in a low-income stable equilibrium while the richest dynasties strive to differentiate themselves from the poorest ones to reap the economic benefits of the elite position in society.
机译:本文调查了当异构试剂关注其参考组的内源基准消耗的异质试剂关注其相对消耗时,对地位的长期影响。代理人内源选择是否进入大鼠的竞争级别,消耗社会参与,地位,善于获取社会优势和特权团体的良好,因为相对消费决定了社会中的代理人最终在财富的积累中的局面绝对消费。动态分析预测,在长期发展的长期进程中增加的平均收入和减少不平等的增加促进了地位的竞争,提高了对参考组的访问成本,并驱动了多个稳定稳态均衡的开始。这种机制控制从索洛维亚型阶段到发育陷阱平衡的内源转变,其中最贫困的朝代被排除在参考组中,并被困在低收入的稳定平衡,而最富有的朝代努力将自己与最贫穷的人区分开来从社会中获得精英地位的经济利益。

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