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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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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 Kazakhstan we find that internal migrants earn an income and status …
Persistent link: https://www.econbiz.de/10009740076
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On the equilibrium and welfare consequences of "keeping up with the Joneses"
Gavrel, Frédéric; Rebière, Thérèse - 2015
This paper provides an analysis of the social consequences of people seeking to keep up with the Joneses. All individuals attempt to reach a higher rank than the Joneses, including the Joneses themselves. This attitude gives rise to an equilibrium in which all individuals have equal utilities...
Persistent link: https://www.econbiz.de/10010528644
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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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Old money, the nouveaux riches and Brunhilde's marriage strategy
Bronsert, Anne-Kathrin; Glazer, Amihai; Konrad, Kai A. - 2014
, leading to status consumption and wasteful gift giving. The screening activity is costly not only for the potential husband … money") benefits the candidate but also the woman, and reduces wasteful status consumption spending. Also, aging and …
Persistent link: https://www.econbiz.de/10010379931
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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 …
Persistent link: https://www.econbiz.de/10014495724
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Social interactions in demand
Grodner, Andrew (contributor);  … - 2008
We examine theoretically demand in a two-good economy where the demand of one good is influenced by either a spillover effect in the form of an externality from other consumers' choices and or a conformity effect representing a need for making similar choices as others. A positive spillover...
Persistent link: https://www.econbiz.de/10003750307
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On the inefficiency of inequality
Schiff, Maurice W. (contributor) - 2004 - [Elektronische Ressource]
"A number of studies have examined the implications of preference interdependence. This paper models utility as depending on other people's consumption levels and shows that welfare declines with inequality, equilibrium inequality is inefficient, and the optimal intervention leads to a more...
Persistent link: https://www.econbiz.de/10002345036
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Time, money, peers, and parents : some data and theories on teenage behavior
Kooreman, Peter (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001829708