Status in a canonical macro model: labour supply, growth, and inequality

We introduce status in the most standard (canonical) macro model that is able to provide an analysis of growth and distribution. We consider the question of whether status considerations enable the model to meet some important empirical findings (which we review) related to rising labour supply (the work-life balance), rising income inequality, and changing factor shares. We find a promising role for status in the explanation of these empirical regularities.

MoreLess

Year of publication:	2010-07
Authors:	Tsoukis, Christopher ; Tournemaine, Frederic
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Status \| growth \| inequality \| labour supply \| social/behavioural macroeconomics

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	O41 - One, Two, and Multisector Growth Models ; E25 - Aggregate Factor Income Distribution ; E21 - Consumption; Saving
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008695063