Bowles, Samuel; Park, Yongjin - 2004
We investigate Veblen effects on work hours, namely the way that a desire to emulate the consumption standards of the … rich induces longer work hours among the rest. Consistent with our model of these asymmetric social comparisons, greater … inequality predicts longer work hours in ten OECD countries over the period 1963-1998. The country fixed effects estimates of the …