I Got Bling Bling, You Got Bling Bling, We All Got Bling Bling

Inconspicuous ConsumptionA new theory of the leisure class MISSED SIGNALS: The less money your peer group has, the more bling you buy—and vice-versa. (Photo credit: Frazer Harrison/Getty Images) About seven years ago, University of Chicago economists Kerwin Kofi Charles and Erik Hurst were researching the “wealth gap” between black and white Americans when they noticed […]