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In this blog the author comments on the outcome of recent study by Nailya Ordabayeva (RSM) and Pierre Chandon (INSEAD, France). They examined the way equality influences the consumption decisions of people in the bottom tiers of social groups. They found the equality increases the social gain provided by spending.

Participants

  • Nailya
    Role: Staff
    Reference type: Featured

Media Outlets

  • Five Minute Economist Blog (Unknown)