Gang Chen, Monash University - What determines our perceived socio-economic position? Eliciting preferences on the relative importance of education, occupation and income

Seminar Series banner

Melbourne Institute Seminar Room
Room 6.05, FBE Building
111 Barry St, Carlton

Map

More Information

mi-seminars@unimelb.edu.au

  • Melbourne Institute Seminar Series

Title: What determines our perceived socio-economic position? Eliciting preferences on the relative importance of education, occupation and income

Abstract: People differ in terms of their socio-economic position in society. Groups with high socio-economic position have more power and status, and they are fortunate to have better health. Generally, the higher their education, occupation and income, the higher would we consider their socio-economic position/status. However, the relative importance of education, occupation and income may differ across cultures and countries. This study aimed to find out what factors you think to determine a person’s socio-economic position, or their status in society. An online discrete choice experiment was adopted to understand people’s trade-offs among education, occupation and income on the socio-economic position in Australia and Norway. A preference-based socio-economic position index was generated for each country.

Presenter: Gang Chen, Monash University

If you would like to subscribe to the Melbourne Institute Seminar Series email list, please contact us.