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

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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

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