What question did this study set out to answer?

The research aims to understand how social norms and nonmarket factors influence savings behavior and economic growth.

December 1, 1992Journal of Political Economy

Social Norms, Savings Behavior, and Growth

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Authors

HCHarold L. ColeNational Bureau of Economic Research GMGeorge J. MailathNational University APAndrew PostlewaiteAmerican Institute of Certified Public Accountants

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Implication

The study examines how social norms influence savings behavior and economic growth across countries, suggesting varying outcomes based on social organization.

Key Points

The research aims to understand how social norms and nonmarket factors influence savings behavior and economic growth.
Theoretical analysis of nonmarket sectors and their impact on relative status.
Interpretation of income distribution concerning status and social organization.
Discussion of equilibria in relation to growth rates across different countries.
Differences in social organizations can lead to distinct growth rates across countries.
Status ranking is influenced by income distribution, affecting savings behavior.
Multiple equilibria can arise from social norms impacting economic decisions.

Cite This Study

Cole et al. (1992) studied this question.

synapsesocial.com/papers/6a10ddcced67694fb09f8890 https://doi.org/10.1086/261855

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Implication

The study examines how social norms influence savings behavior and economic growth across countries, suggesting varying outcomes based on social organization.

Social Norms, Savings Behavior, and Growth

Discussion

Member takes

Implication

Key Points

Cite This Study

Social Norms, Savings Behavior, and Growth

Discussion

Member takes

Implication

Key Points

Cite This Study

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