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July 9, 2018 12:30 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/FIgF9IqT3Y4/owning-an-iphone-is-the-number-one-way-to-guess-if-youre-rich-or-not-research-finds
Owning an iPhone is the Number-One Way To Guess if You're Rich or Not, Research Finds
An anonymous reader shares a report: In the United States, if you have an Apple iPhone or iPad, it's a strong sign that you make a lot of money. That's one of the takeaways from a new National Bureau of Economic Research working paper from University of Chicago economists Marianne Bertrand and Emir Kamenica. "Across all years in our data, no individual brand is as predictive of being high-income as owning an Apple iPhone in 2016," the researchers wrote. There are details and caveats to the research, but the economists found that owning an iPhone gave them a 69% chance to correctly infer that the owner was "high-income," which they defined as being in the top quartile of income for households of that type -- like single adult or couple with dependents, for example.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/FIgF9IqT3Y4/owning-an-iphone-is-the-number-one-way-to-guess-if-youre-rich-or-not-research-finds
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