Data Analysis and Statistical Inference Project - Coursera (original) (raw)
How social class shapes thoughts and actions in organizations
This chapter presents the premise that social class is a potent, robust, and distinct predictor of how people think and act in organizations. Drawing on theories of social cognition, I define social class as a dimension of the self that is rooted in objective material resources (via income, education, and occupational prestige) and corresponding subjective perceptions of rank visa `-vis others. Informed by demonstrations of the psychological effects of social class, I describe how social class may shape behavior in three illustrative domains of organizational life: social relationships, morality, and judgment and decision-making. I document objective and subjective measures of social class to guide research on its effects. I conclude by discussing the risks and benefits of investigating the social class of organization members, and the potential costs for organizations and researchers who ignore social class.
2014
Purpose: This paper investigates the perception of trustworthiness conditional on varying levels of income and social class. Design/methodology/approach: Students enrolled in an undergraduate university in Florida participated in a survey. The survey responses were subject to a regression analysis to determine the significance of the outcomes. Findings/results: The respondents identified the wealthy as being slightly more trustworthy, individuals who were equally wealthy and of a lower social class were considered more trustworthy, and hard work was strongly favoured in determining success. Hispanic students were more likely to value hard work, as well as to trust those of equal income and higher social class, than were non-Hispanic students.
Social status and economic performance
European Economic Review, 1998
This survey combines ideas and results from sociology and economics, recognizing that economic decisions are often shaped by social concerns and influences. Based on the sociological literature, we define social status and describe its measurement. We then describe the role of social status in economic analysis of saving and consumption, wages, and economic growth. We review recent work on status determination in equilibrium, including evolutionary models. We conclude with some remarks on the need for further interaction between sociology and economics.
Is the whole more than the sum of the parts? Re-evaluating social status in marketing
Journal of Business and Psychology, 1995
Data from 2 national surveys were eY-mlned to determine whether the components of social status (education, income, occupation) as separate individual factors could explain more variance than social status composites (Coleman, Hollingshead, Census). In general the evidence implies that the components are better predictors than the composite score, and that in the majority of cases only the raw education and income information is required for prediction.
Journal of Marketing and Consumer Research
The objective of this research was to explore the influence of ethnicity on customers' selection of banks in Shashemene town. A survey method was used in which quantitative data were gathered from 237 respondents selected based on convenient sampling technique. Data collected through a structured questionnaire were coded and entered in to SPSS version 20 where the analyzed data were presented using both descriptive and inferential statistical tools. It was found that 79.3% of respondents belong to the ethnic group (Oromo) to which the name of the banks (Oromia International Bank and Cooperative Bank of Oromia) is associated. Moreover, 25.7% of respondents answered that they were attracted to the bank because its name has something to do with their ethnic identity. Furthermore, 52.3% of respondents replied that the name of the bank and its association to their ethnic identity is a very necessary criterion to choose it at the beginning. Results of linear regression analysis also confirmed that people are increasingly attracted to the bank the name of which is associated to their ethnic identity (0.312, P<0.05). The role played by language in terms of motivating people to become customers of a given bank has also been pronounced in the current study. 5.1% of survey participants replied that they were motivated to become customers of their present bank considering that their mother-tongue language is being commonly spoken among employees of the bank. Furthermore, ethnic-identity driven nomenclature of banks has also been found to influence the trust that people make on a given bank. Above all, it was found that about 25% of respondents revealed that they trust their current bank mainly because its name expresses their ethnic identity. Ethnicity influences customers' bank selection and the trust they bestow on it. The findings of the present study suggest that ethnicity affects individuals' economic behavior by making them to develop positive utility towards goods and services that belong to their own ethnic group.
0 Bank Behavior and Social Capital
2018
This paper examines the performance and policies of banks located in high social capital areas. Results show that higher levels of social capital are associated with safer, more profitable, yet less capitalized banks. Additionally, banks in areas with higher social capital display lower likelihoods of default and failure, yet higher likelihoods of receiving capital under the TARP Capital Purchase Program. Examining the relationship between social capital and bank/consumer relations, we find that banks in higher social capital areas pay more interest and charge fewer fees on deposits, and charge lower rates and fees on loans. The results suggest that banks located in higher social capital areas take actions that promote trust and therefore enable working relationships that have productive benefits for both banks and consumers.
Social status and economic performance::: A survey
1998
This survey combines ideas and results from sociology and economics, recognizing that economic decisions are often shaped by social concerns and influences. Based on the sociological literature, we define social status and describe its measurement. We then describe the role of social status in economic analysis of saving and consumption, wages, and economic growth. We review recent work on status determination in equilibrium, including evolutionary models. We conclude with some remarks on the need for further interaction between sociology and economics.
Subjective social class has a bad name, but predicts life chances well
Research in Social Stratification and Mobility, 2023
Over the last decades, the study of subjective class has been eclipsed by research on objective class. The recurrent mismatch between subjective and objective class has led to the common wisdom that self-reported class is a poor measure of people's life chances. This article questions this common wisdom. Based on ISSP 2009 and 2019, it shows for 55 country surveys that a pre-coded question on subjective class accounts for more variance in life chancesincome and wealththan various measures of objective class. Subjective class predicts individual income equally well as does objective class, but is a much better predictor of household income and wealth. It takes the two measures of respondents' and partners' objective class to match the variance explained in household income by a single measure of subjective class. In contexts of limited survey space and interview time, subjective class is an excellent indicator of people's material situation.