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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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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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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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Human capital externalities with monopsonistic competition
Kaas, Leo (contributor) - 2008
This paper provides a novel microeconomic foundation for pecuniary human capital externalities in a labor market model …. -- Externalities ; human capital ; multiple equilibria …
Persistent link: https://www.econbiz.de/10003759894
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Market distortions and local indeterminacy : a general approach
Lloyd-Braga, Teresa; Modesto, Leonor; Seegmuller, Thomas - 2011
fluctuations ; market imperfections ; externalities ; imperfect competition ; taxation …
Persistent link: https://www.econbiz.de/10009235089
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How does the presence of children affect dependent care? : A psycho-economic approach
Giménez, José Ignacio (contributor);  … - 2007
This paper adopts a psycho-economic approach, based on the "Demonstration Effect" hypothesis, to analyze the effects that the presence of children has on the time devoted to elder care. We combine the approach of the Social Cognitive Theory and a three-generation altruism model. Using the 2003...
Persistent link: https://www.econbiz.de/10003579979
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Relative income, redistribution and well-being
FitzRoy, Felix R.; Nolan, Michael A. - 2010
In a model with heterogeneous workers and both intensive and extensive margins of employment, we consider two systems of redistribution: a universal basic income, and a categorical unemployment benefit. Well-being depends on own-consumption relative to average employed workers' consumption, and...
Persistent link: https://www.econbiz.de/10009153609
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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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Can taxes stabilize the economy in the presence of consumption externalities?
Lloyd-Braga, Teresa; Modesto, Leonor - 2012
taxes under a balanced-budget rule in the presence of consumption externalities of the "keeping up with the Joneses" type … eliminating belief-driven cyclical fluctuations. Moreover, for higher values of consumption externalities, saddle path stability … stabilize business cycle fluctuations. -- indeterminacy ; consumption externalities ; capital and labor income taxation …
Persistent link: https://www.econbiz.de/10009629079
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Relative consumption, working time, and trade unions
Goerke, Laszlo; Hillesheim, Inga - 2013
Status considerations with respect to consumption give rise to negative externalities because individuals do not take …
Persistent link: https://www.econbiz.de/10009763210