taxation amongst others may have serious welfare and distributional effects for households. Also, there is very little evidence … combined to total leisure demand elasticities, which can then be used for welfare and behavior analyses. …

taxation amongst others may have serious welfare and distributional effects for households. Also, there is very little evidence … combined to total leisure demand elasticities, which can then be used for welfare and behavior analyses. …

data from the German Socio-Economic Panel, we estimate the causal effect of changes in reference consumption, defined as … the consumption level of all households who are perceived to be richer, on household savings and consumption. When … controlling for own income, an increase in reference consumption of 100 euros leads to an increase in consumption of 10 to 25 …

taxation amongst others may have serious welfare and distributional effects for households. Also, there is very little evidence … combined to total leisure demand elasticities, which can then be used for welfare and behavior analyses …