The subjective social status is the perception that individuals have regarding their position in the social hierarchy. The evidence in sociology and social psychology of inequality has shown that there are objective and subjective factors that affect the perception of social status. In this framework, our research subject is to determine the effect of objective and subjective characteristics of social status are associated with subjective social status, measured through income, educational attainment, EGP Class scheme and family subjective social status. It is possible to show a bias towards the mean of the distribution of social status, finding cases of sub and overestimation of subjective status. Using linear regression models for each country and country fixed effects for the complete sample (n = 2365) it is possible to show significant effects of income and higher education for Chile and Argentina, effect that is maintained for the three countries. Belonging to the agricultural self-employment (IVc) and agricultural work (VIIb) classes has a significant difference in contrast to the Services Class (I + II). However, this difference loses significance when controlled by the unobserved heterogeneity of the country. The family subjective social status is the most relevant characteristic in predicting the individual subjective social status, the positive effect maintains its significance in all the specifications of the models. We conclude that subjective characteristics of social status, in contrast to objective ones, are more relevant in predicting subjective social status.
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