Allen, Jeffrey; Chakraborty, Shankha - Volkswirtschaftliche Fakultät, … - 2015
-looking aspirations -- people value their consumption relative to the conditional mean of those above them in the distribution. Their … through the aspirations gap, motivates people to work and save more. Economic outcomes improve but income and consumption … inequality worsen because the poor have less capacity to respond. By diverting resources from health production, aspirations also …