Lifestyles through Expenditures: A Case-Based Approach to Saving.
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Treating people as cases that are proximate in a behavior space-representing lifestyles-rather than as markers of single variables has a long history in sociology. Yet, because it is difficult to find analytically tractable ways to implement this idea, this approach is rarely used. We take seriously the idea that people are whole packages, and we use household spending to identify groups who occupy similar positions in social space. Using detailed data on household consumption, we identify eight positions that are clearly similar in lifestyle. We then study how the lifestyles we identify are associated with saving, an important measure of household well-being. We find that households cluster into distinct lifestyles based on similarities and differences in consumption. These lifestyles are meaningfully related in social space and save in distinct ways that have important implications for understanding inequality and stratification.
Published Version (Please cite this version)10.15195/v3.a28
Publication InfoBenton, R; Keister, Lisa A; & Moody, James (2016). Lifestyles through Expenditures: A Case-Based Approach to Saving. Sociol Sci, 3. pp. 650-684. 10.15195/v3.a28. Retrieved from http://hdl.handle.net/10161/13811.
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Professor of Sociology
I do research in the areas of economic sociology, organizations and management, and social networks. I study organization and household behavior in both the U.S. and China, including work on organization strategy and the role that relations among organizations play in shaping strategy, household financial decision making, and business start-up. My work on business networks in China looks at relations among firms and how these shape firm performance, survival, and structure. I also do work on
Professor in the Department of Sociology
James Moody is the Robert O. Keohane professor of sociology at Duke University. He has published extensively in the field of social networks, methods, and social theory. His work has focused theoretically on the network foundations of social cohesion and diffusion, with a particular emphasis on building tools and methods for understanding dynamic social networks. He has used network models to help understand school racial segregation, adolescent health, disease spread, economic development, a
Alphabetical list of authors with Scholars@Duke profiles.