Mujcic, Redzo; Frijters, Paul - In: Journal of Economic Behavior & Organization 111 (2015) C, pp. 59-70
conspicuous health as an argument in the utility function, in addition to the well-established conspicuous consumption term. We … conspicuous health has an opposite effect on the marginal tax rate, compared to an increase in concerns for conspicuous … consumption. Using life satisfaction panel data from Australia, along with an improved measure of exogenous reference groups (that …