Chi, Feng and Yang, Nathan (2010): Wealth and Status: Analyzing the Perceived Attractiveness of 2010 FIFA World Cup Players.
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Dating back to Veblen (1899), theoretical and empirical studies about conspicuous consumption have largely stipulated associations between social status and income. This paper focuses on the supply of status and tests the underlying assumption by using a data on the attractiveness ratings for the World Cup 2010 athletes from the social networking website BeautifulPeople.com. Treating the data as a team-player panel, we find that the 32 country fixed effects are positively associated with GDP per capita, even after controlling for the team's ex ante Fédération Internationale de Football Association (FIFA) rank, Gini coefficient, and number of internet users. Furthermore, there is no obvious correlation between each country's GDP per capita and its FIFA rank, which suggests that income is related to these "status" fixed effects through some direct channel. In other words, there is indeed a link between a country's social status and its economic development. We caution though that income is not an exclusive driver of status, as ability, age, game outcome and race also matter.
|Item Type:||MPRA Paper|
|Original Title:||Wealth and Status: Analyzing the Perceived Attractiveness of 2010 FIFA World Cup Players|
|Keywords:||Attractiveness, discrimination, fixed-effects estimation, social status, standard-of-living.|
|Subjects:||D - Microeconomics > D3 - Distribution > D31 - Personal Income, Wealth, and Their Distributions
Z - Other Special Topics > Z1 - Cultural Economics ; Economic Sociology ; Economic Anthropology > Z13 - Economic Sociology ; Economic Anthropology ; Social and Economic Stratification
A - General Economics and Teaching > A1 - General Economics > A14 - Sociology of Economics
|Depositing User:||Nathan Yang|
|Date Deposited:||14. Jul 2010 03:20|
|Last Modified:||21. Feb 2013 09:23|
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