Fukumura, Koichi - Graduate School of Economics, Osaka University - 2015
in workers enjoy utility from their levels of education and consumption. Moreover, workerfs utility also depends on other … workerfs education levels, i.e., we assume the gkeeping up with Jonesesh effect in education. The main result of this study is … that such envy causes workers to make decisions on education level that differ from the decision made when envy is not …