> A growing literature argues that status competition can have corrosive effects. Neighbours of lottery winners often make extravagant status good purchases (Kuhn et al. 2011) and are more likely to go bankrupt (Agarwal, Mikhed, and Scholnick 2016). Card et al. (2012) and Ashraf et al. (2014) show that job satisfaction and performance suffer when there are direct rankings and explicit comparisons with others in the same group.