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Title: Status Claims and Status Attainment: The Determinants of Financial Well-Being
Resulting in 1 citation.
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Campbell, Richard T. Henretta, John C. |
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Status Claims and Status Attainment: The Determinants of Financial Well-Being American Journal of Sociology 86,3 (November 1980): 618-629. Also: http://www.jstor.org/stable/2778632 Cohort(s): Older Men Publisher: University of Chicago Press Keyword(s): Assets; Earnings; Educational Attainment; Family Resources; Fathers, Influence; Pensions; Socioeconomic Status (SES); Well-Being This paper examines the dimensionality of status measures related to net worth and occupation. The measures of status considered include: home equity, savings, real estate assets, business assets, earnings, and pension coverage. The authors consider the role of each in status evaluations and examine empirically whether the process of attainment of each is the same. This hypothesis is rejected and a final model presented that allows a different process of attainment for each measure. It was found that, net of earnings, family formation measures have large effects on the different status measures consistent with different patterns of family needs. Finally, the implications of using wealth and consumption measures as measures of status are discussed. |
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Bibliography Citation
Campbell, Richard T. and John C. Henretta. "Status Claims and Status Attainment: The Determinants of Financial Well-Being." American Journal of Sociology 86,3 (November 1980): 618-629.
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