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  The Influence Premium of Monetary Rank

Martinangeli, A. F. M., & Meiske, B. (2022). The Influence Premium of Monetary Rank. Working Paper of the Max Planck Institute for Tax Law and Public Finance, No. 2022-08. doi:10.2139/ssrn.4136129.

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 Creators:
Martinangeli, Andrea F. M.1, Author           
Meiske, Biljana1, Author           
Affiliations:
1Public Economics, MPI for Tax Law and Public Finance, Max Planck Society, ou_830552              

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Free keywords: Inequality, Status, Social influence, Ability
 Abstract: The transmission of adaptively valuable behaviours requires successful individuals to exert greater influence on others’ actions. Hierarchical social organisations ease the recognition of successful, higher ranked individuals in a group, and hence facilitate this process. We investigate whether purely monetary rank, defined exclusively in terms of the amount of resources held by an individual, is capable, in isolation of any other intervening mechanism, to grant greater influence over others’ choices. Among a representative sample of the German population, we find that high monetary rank grants individuals greater influence over others’ actions.

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Language(s): eng - English
 Dates: 2022-06-14
 Publication Status: Published online
 Pages: 43
 Publishing info: -
 Table of Contents: -
 Rev. Type: -
 Identifiers: DOI: 10.2139/ssrn.4136129
 Degree: -

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Title: Working Paper of the Max Planck Institute for Tax Law and Public Finance
Source Genre: Series
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Pages: - Volume / Issue: No. 2022-08 Sequence Number: - Start / End Page: - Identifier: -