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Feb 1, 2022 · Societal influences include macroeconomic circumstances, cultural narratives, structural prejudices, and salient consumption behaviors by the rich and the poor. I discuss how these influences shape (and distort) attributions of economic outcomes and lay beliefs about wealth and poverty.
- How Do People Make Sense of Wealth and Poverty
In a perfectly meritocratic world, people's outcomes would...
- The Impact of Perceived Material Wealth and Perceiver Personality on First Impressions
The purpose of the present study is to extend work of...
- Why Do Americans Believe in Economic Mobility? Economic Inequality, External Attributions of Wealth and Poverty, and The Belief in Economic Mobility
As economic inequality rises, people increasingly attribute...
- Affluence Cues and First Impressions
The two-way interaction on the desire to have the lifestyle...
- Wealthy Whites and Poor Blacks
Overall, we found a small yet significant correlation...
- The Subversive Nature of Inequality
1. Introduction. Many OECD countries have seen significant...
- Volume 43
Full text access Publisher’s Note – Virtual Special issue...
- How Do People Make Sense of Wealth and Poverty
Oct 5, 2016 · After all, wealth brings all sorts of advantages, like improved health, greater freedom and control over your life, nicer things, respect from your friends and peers. Yet new research suggests that wealth may also come with certain costs, and impact our social interactions in ways that we overlook. The empathy gap.
- More money, less empathy? Several studies have shown that wealth may be at odds with empathy and compassion. Research published in the journal Psychological Science found that people of lower economic status were better at reading others’ facial expressions—an important marker of empathy—than wealthier people.
- Wealth can cloud moral judgment. It is no surprise in this post-2008 world to learn that wealth may cause a sense of moral entitlement. A UC Berkeley study found that in San Francisco—where the law requires that cars stop at crosswalks for pedestrians to pass—drivers of luxury cars were four times less likely than those in less expensive vehicles to stop and allow pedestrians the right of way.
- Wealth has been linked with addiction. While money itself doesn’t cause addiction or substance abuse, wealth has been linked with a higher susceptibility to addiction problems.
- Money itself can become addictive. The pursuit of wealth itself can also become a compulsive behavior. As psychologist Dr. Tian Dayton explained, a compulsive need to acquire money is often considered part of a class of behaviors known as process addictions, or “behavioral addictions,” which are distinct from substance abuse.
The results show an aversion to the upward wealth inequality and an inclination to the downward wealth inequality. However, the two components that the Gini index decomposes display asymmetry: the upward wealth inequality has a greater impact on happiness than the downward wealth inequality does.
Jan 7, 2018 · This chapter shows the moral ubiquity of money lent in heterogeneous situations, both formal and informal where money circulates. It also reveals how moral capital becomes a guarantee that sustains the power relations at the core of these situations.
The term ‘wealthy’ is more complex, and the chapter discusses a range of perspectives, particularly from sociology, on social class and elites. It draws particularly on the work of John Scott to define the wealthy (or rich) as those who can afford more exclusive and private lifestyles.
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People can have more money but still experience poverty because food, clothing, shelter, health, energy, education are all more costly as a result of privatisation. More money can go hand in hand with increased material poverty, with people having less access to basic needs such as food and water.
