-cooperative game where each player’s payoff depends on her present and future consumption and her rank in the present consumption … present-consumption standard and rank in the present-consumption distribution. In this way the analysis addresses the saving … paradox and the Kuznets consumption puzzle and it is concluded that rank concerns tend to strengthen the case for more income …

This paper reviews the results of a number of empirical studies of convergence among the OECD countries and discusses … OECD countries, there are different clusters. The parameter representing the convergence hypothesis, despite being negative … convergence between the countries that belong to the upper quantiles. Moreover, 1960–1970 is highlighted as the period in which …