This paper inserts Veblen’s (1898) concepts of conspicuous leisure and conspicuous consumption into a very simple model. Individuals have the choice to either invest their time into working, leading to easily observable levels of consumption, or into conspicuous leisure, whose effect on...

In this paper we highlight the relevance of work-related training to the minimum wage debate. We initially situate training incidence within the broader picture of the earnings distribution in Britain and demonstrate that lower-paid workers are less likely than workers towards the top of the...

Recent studies have used quantile regression (QR) techniques to estimate the impact of education on the location, scale and shape of the conditional wage distribution. In our paper we investigate the degree to which work-related training – another important form of human capital – affects...