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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w23414 |
来源ID | Working Paper 23414 |
Status Goods: Experimental Evidence from Platinum Credit Cards | |
Leonardo Bursztyn; Bruno Ferman; Stefano Fiorin; Martin Kanz; Gautam Rao | |
发表日期 | 2017-05-22 |
出版年 | 2017 |
语种 | 英语 |
摘要 | This paper provides novel field-experimental evidence on status goods. We work with an Indonesian bank that markets platinum credit cards to high-income customers. In a first experiment, we show that demand for the platinum card greatly exceeds demand for a nondescript control product with identical benefits, suggesting demand for the pure status aspect of the card. Transaction data reveal that platinum cards are more likely to be used in social contexts, implying social image motivations. Combining price variation with information on the use of the card sheds light on the magnitude of the demand for social status. In a second experiment, we provide evidence of positional externalities from the consumption of these status goods. The final experiment shows that increasing self-esteem causally reduces demand for status goods. We infer that part of the demand for status is psychological in nature, and that social image is a substitute for self-image. |
主题 | Econometrics ; Experimental Design ; Microeconomics ; Behavioral Economics ; Households and Firms ; Development and Growth ; Development |
URL | https://www.nber.org/papers/w23414 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/581088 |
推荐引用方式 GB/T 7714 | Leonardo Bursztyn,Bruno Ferman,Stefano Fiorin,et al. Status Goods: Experimental Evidence from Platinum Credit Cards. 2017. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w23414.pdf(510KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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