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The High Costs of Status Seeking
The Huffington Post: It’s well known that income inequality leads to all sorts of social problems. The bigger the gap between the affluent and the poor, the higher the rates of homicide, teenage pregnancy and
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Revisiting the Land of Opportunity
The Huffington Post: “Our success should depend not on accident of birth, but on the strength of our work ethic and the scope of our dreams.” So President Obama proclaimed in his 2014 State of
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The High Costs of Status Seeking
It’s well known that income inequality leads to all sorts of social problems. The bigger the gap between the affluent and the poor, the higher the rates of homicide, teenage pregnancy and infant mortality, to
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Feeling—Not Being—Wealthy Cuts Support for Economic Redistribution
Pacific Standard: Psychologists and political scientists have puzzled for some time about why the same Americans who favor greater economic equality don’t also support the kinds of redistributive economic policies that would get them there.
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Feeling — Not Being — Wealthy Drives Opposition to Wealth Redistribution
People’s views on income inequality and wealth distribution may have little to do with how much money they have in the bank and a lot to do with how wealthy they feel in comparison to
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The Poverty Trap
Poor people are the subject of many negative stereotypes, including the assumption that they are inherently incapable of making sound financial decisions. But APS Fellow Eldar Shafir has demonstrated that the cognitive load and bandwidth
