Social stratification: Individual importance and social welfare |
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| Authors: | Nico L Van der Sar Bernard M S Van Praag |
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| Institution: | (1) Department of Business Finance, Erasmus University, Rotterdam, The Netherlands;(2) Econometric Institute, Erasmus University, Rotterdam, The Netherlands |
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| Abstract: | A method to estimate a household's social status in a stratified society is described. We do not leave it up to the respondents what is to be understood by status, as most methods do, but define it as the weight of the household with respect to social welfare. In order to operationalize this individual relative importance concept we measure and utilize the individual welfare evaluations. Our empirical results for a data set collected in the Boston area in 1983 show the dependency of social status and social stratification on individual characteristics. A comparison made with some other methods shows the feasibility of our approach. |
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| Keywords: | social stratification individual importance social welfare income evaluation question social filter theory |
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