Emir Kamenica, Chicago Booth School of Business
Emir Kamenica, Chicago Booth School of Business
Coming apart? Lives of the rich and the poor over time (joint with Marianne Bertrand)
Coming apart? Lives of the rich and the poor over time (joint with Marianne Bertrand)
01 Nov 20171:30 PM – 3:00 PM
Open to public
Location:
Baker Library | Bloomberg Center 101
Organizer:
We analyze temporal trends in cultural distance
between the rich and the poor in the United States. Our measure of cultural
distance is the ability to infer whether an individual is in the top or bottom
household income quartile based on his or her (i) media consumption, (ii)
consumer behavior, (iii) time use, and (iv) social attitudes. We find that
income-based differences in media consumption, consumer behavior, and time use
have been constant over time. In contrast, the ability to correctly infer top-or-bottom
income quartile from social attitudes has increased from 70% in 1972 to 80%
today.