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Conspicuous consumption in the United States and China
Jinkins, David - 2014
I develop a model of conspicuous consumption to empirically measure the importance of peer beliefs to Americans and Chinese. In the model, a consumer cares not only about the direct utility she receives from consumption, but also about the way her consumption pattern affects her peer group's...
Persistent link: https://www.econbiz.de/10010381891
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Kinky choices, dictators and split might : a non-cooperative model for household consumption and labor supply
Boone, Jan; Wiel, Karen van der; Vermeulen, Frederic - 2009
It is unlikely that husbands and wives always agree on exactly what public goods to buy. Nor do they necessarily agree on how many hours to work with obvious consequences for the household budget. We therefore model consumption and labor supply behavior of a couple in a non-cooperative setting...
Persistent link: https://www.econbiz.de/10003872703
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Relative concerns for consumption at the top : an intertemporal analysis for the UK
Quintana-Domeque, Climent; Wohlfart, Johannes - 2014
This paper investigates whether the consumption of rich households provides a reference point in the consumption choices of non-rich households from an intertemporal perspective. Using UK household data on food consumption, we estimate the Euler equation implied by a life-cycle model...
Persistent link: https://www.econbiz.de/10010409785
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The response of consumption in Russian households to economic shocks
Stillman, Steven - 2001
This paper examines the extent to which consumption in Russian households responds to exogenous income shocks. During the time period studied in this paper (1994-1998), Russia experienced two major economic crises. Both featured extreme movements in the real ruble-dollar exchange rate. The price...
Persistent link: https://www.econbiz.de/10011405709
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Gender difference in household consumption : some convergence over three decades
O'Donoghue, Cathal; Doorley, Karina; Sologon, Denisa M. - 2024
The cost-of-living crisis has increased attention on consumption and how it differs for particular societal groups. There is much theoretical evidence that consumption patterns of men and women should differ, but the empirical evidence is scant, due in part to the availability of...
Persistent link: https://www.econbiz.de/10014495724
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Showing off to the new neighbors? : income, socioeconomic status and consumption patterns of internal migrants
Danzer, Alexander M.; Dietz, Barbara; Gatskova, Ksenia; … - 2013
This paper analyses incomes and socioeconomic status of internal migrants over time and in comparison to their new neighbors and investigates whether status consumption is a way for newly arrived city dwellers to signal their social standing. Using a novel dataset from the emerging economy of...
Persistent link: https://www.econbiz.de/10009740076
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Comparative statics for a consumer with possibly multiple optimum consumption bundles
Dasgupta, Indraneel; Pattanaik, Prasanta K. - 2010
in the standard revealed preference theory of consumers’ behaviour. These results are however derived for demand … preference approach to the theory of consumers' behaviour, this note establishes such results for demand correspondences; the …
Persistent link: https://www.econbiz.de/10003942309
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Are children "normal"?
Black, Dan A.; Kolesnikova, Natalia; Sanders, Seth; … - 2011
We examine Becker's (1960) contention that children are "normal." For the cross section of non-Hispanic white married couples in the U.S., we show that when we restrict comparisons to similarly-educated women living in similarly-expensive locations, completed fertility is positively correlated...
Persistent link: https://www.econbiz.de/10009408778
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A theory of price adjustment under loss aversion
Ahrens, Steffen; Pirschel, Inske; Snower, Dennis J. - 2014
We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect … theory, the consumers' perceived utility losses from price increases are weighted more heavily than the perceived utility … an otherwise standard dynamic neoclassical model of monopolistic competition. The resulting theory of price adjustment is …
Persistent link: https://www.econbiz.de/10010350414
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Work and television
Corneo, Giacomo - 2001
Evidence from a sample of countries show that people roughly spend as much time watching television as earning their living. Moreover, television viewing and work hours are positively correlated across countries. A simple model based on complementarities in the organization of free time is...
Persistent link: https://www.econbiz.de/10011403923